{"id":13116,"date":"2011-04-19T11:00:41","date_gmt":"2011-04-19T15:00:41","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=13116"},"modified":"2016-09-20T18:29:24","modified_gmt":"2016-09-20T22:29:24","slug":"loan-sharks-rejoice-greece-2-year-notes-at-20","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2011\/04\/19\/loan-sharks-rejoice-greece-2-year-notes-at-20\/","title":{"rendered":"Loan Sharks Rejoice &#8211; Greece 2-Year Notes at 20% !"},"content":{"rendered":"<p>Investors in Greece celebrated today. They were awfully happy that their governmental was able to go to the open market and float 2-year notes at a yield of 20%. What a deal!!!!!<\/p>\n<p><strong>OPA!<\/strong><\/p>\n<p>The news was simple from Briefing.com: Greece conducted a successful 3-month Bill auction today, selling a greater-than-expected 1.625 bln euro at a yield of 4.1%, <strong>only <\/strong>25 bps above the prior sale despite fears of a restructuring. With <!--more-->that, Greece&#8217;s ASE is leading European markets, up 1.8%.<\/p>\n<p><strong>OPA!<\/strong><\/p>\n<p>The cost to insure the debt of Greece from default has risen to a record high. So, either their are some very happy loan-sharks out there or there is simply no fear that bondholders will have any downside risk as long as Germany is there to support Greece.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/04\/CDS-20110418.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-13118 aligncenter\" title=\"CDS 20110418\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/04\/CDS-20110418-610x403-1.jpg\" alt=\"\" width=\"610\" height=\"403\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><strong>Equity Market Returns<\/strong><\/p>\n<p><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/04\/Piigs-Returns-201104191.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-13119 aligncenter\" title=\"Piigs Returns 20110419\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/04\/Piigs-Returns-201104191-610x395-1.jpg\" alt=\"\" width=\"610\" height=\"395\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors in Greece celebrated today. They were awfully happy that their governmental was able to go to the open market and float 2-year notes at a yield of 20%. What a deal!!!!! OPA! The news was simple from Briefing.com: Greece conducted a successful 3-month Bill auction today, selling a greater-than-expected 1.625 bln euro at a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[100,483],"class_list":["post-13116","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economics","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/13116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=13116"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/13116\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=13116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=13116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=13116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}