Default fears push Greek bond yields to new high
From an article in the FT:
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As the 10-year bonds were sold off, the yield climbed 61.5 basis points to 16.75 per cent, a new record, on Friday. The yield on the equivalent German note, meanwhile, eased to 3.12 per cent as Bunds were sought out as havens.
In case anybody is still wondering what happens when international capital markets consider an increase in sovereign default risk and a deterioration of sovereign creditworthiness. Having fun playing keep-away with the debt ceiling, Mr. Boehner?