Would you buy 10y Greek Govies ?

Martinghoul · Post by **Martinghoul** » Tue Feb 02, 2010 6:18 pm

I truly hope that was a typo, AndyM...

If the Greeks did, in fact, come bearing gilts, I shudder to imagine what it might mean for the future of UK Plc.

Dynamic Turtle · Post by **Dynamic Turtle** » Tue Feb 02, 2010 6:25 pm

Because Jungle, it would probably be breach of an arcane copyright law and I wouldn't want NP to line Mickey's incredibly thick pockets any further. I know y'all read Bloomberg - it was one of their top stories. But most of the other things I post are based on proprietary research Chew

Dynamic Turtle · Post by **Dynamic Turtle** » Tue Feb 02, 2010 6:27 pm

An unreliable source, but intriguing nonetheless:

http://www.zerohedge.com/article/greece-discovers-40-billion-previously-unknown-debt-cds-tightening-reverses?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

niki5 · Post by **niki5** » Tue Feb 02, 2010 7:39 pm

I would not sell my greek bonds. That is the same story as with Bulgaria- everytime the AnaLists said that county will fall and the currency board will not sustain- bullshit.

ok greeks have deep problems, but not enough to go bankruptcy -my humble opinion

Please note: I am biased to this part of Europe ${L_SMILIES_SMILE}$

cowpoke · Post by **cowpoke** » Tue Feb 02, 2010 8:46 pm

DT: especially where wonga is concerned

"wonga" was new to me. Research led to www.wonga.com. They offer short-tem (payday?) loans at 2689% APR. In the realm of loaning money to not-very-credit-worthy folks, wonga.com seems to have a better plan than Greek Govies.

Dynamic Turtle · Post by **Dynamic Turtle** » Wed Feb 03, 2010 10:50 am

Perhaps is should be "wronga". Sigh.

Martinghoul · Post by **Martinghoul** » Wed Feb 03, 2010 4:25 pm

Anybody watching the shenanigans today? What's the word I am looking for? Something along the lines of "contagion", but punchier...

AndyM · Post by **AndyM** » Wed Feb 03, 2010 4:27 pm

'convergence' Big Smile

kr · Post by kr » Fri Feb 05, 2010 12:56 am

yes it's a bit uncomfortable today but we hang in there, lots of interesting things to look into

Cheng · Post by **Cheng** » Fri Feb 05, 2010 8:41 am

Portugal is under fire now. 5y CDS traded 58 bps wider over the last 48 hrs, now 230/240. Not bad for a Aa2/A+ name. iTraxx Sen Fin closed at 99, Sub Fin at 169.