* * * * * J B K * * * * *
San Francisco
Greece's benchmark 10-year bond yield rose to 9.03 percent, the highest since 1998 and almost three times the comparable German rate. The cost of insuring government debt against default climbed to a record today. The yield on the two-year note soared more than 275 basis points to breach 11 percent, indicating that investors perceive a growing risk of default or restructuring.
http://www.bloomberg.com/apps/news?pid=20601010&sid=aNEqq__19gRE
