Bond Market Rejects Greek Solution Already

"If the "Vienna-Style" Agreement between Trichet, Sarkozy, and Merkel was a genuine solution to the crisis in Greece, sovereign debt yields would be falling sharply across Europe.

Instead, yields in Portugal are up, and yields in Spain, Italy, and Ireland are only slightly lower...

After falling as "low" as 27.52% 2-year Greek bonds closed at 28.79%.

Market Laughs at "Solution"

The bond market laughs at the proposed solution to the Greek crisis, and so do I..."

at http://globaleconomicanalysis.blogspot.com/2011/06/bond-market-rejects-greek-solution.html