On Thursday the Greek Government is going into the bond market for the first time in several years.
The yield of these bonds is to be six percent. These is an extremely low yield as compared to the yield that the Greek government paid the last time they issued bonds. The report is that there are more buyers of the bonds then they could possibly sell.
Greece is going through a terrible Austerity program.
Does this mean that Austerity works?
Does it mean the the men and women of Greece are Screwed?
Does this mean that there are a lot of high rollers out there who need to gamble just to get a decent return on investments after all German bonds are reported under 1%. American bonds, forget about it.
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