Friday, April 15, 2011

Yields on Greek and Portuguese Debt Sharply Higher

Look at the yields on the Greek and Portuguese ten year notes!

How about a European banking collapse (triggered by sovereign haircuts) that sparks a risk selloff and a big rally in Treasuries??

2 comments:

getyourselfconnected said...

NO WAY!
signed Bill Gross
LOL

CP said...

Was he long PIIGS debt or something?

Or is it just that he should have shorted really bad credits like those instead of USTs?