If you aren't short Greek bonds, maybe you ought to be.
* * * * * J B K * * * * *
San Francisco
The recovery of the Greek two-year note after the sale left the yield little changed at 7.28 percent as of 10:53 a.m. in London.
The 10-year bond stayed lower, pushing the yield 19 basis points higher to 7.88 percent.
The extra yield investors demand to hold the 10-year bonds instead of German bunds, the euro-region's benchmark government debt, rose to as much as 472 basis points, the most since Bloomberg records began in 1998.
http://www.bloomberg.com/apps/news?pid=20601087&sid=afhSqD1Mas6c&pos=3
