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User Info PIIGS at all time high I believe... in forum [Credit]
Jubber
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http://www.bloomberg.com/apps/quote?tick.... 659.89

Average price of credit-default swaps (CDS) on Portugal, Italy, Ireland, Greece and Spain (PIIGS)

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jubber
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Seems to be Portugal 10Y doing the damage also looks like an all time high 10.27%

http://www.bloomberg.com/apps/quote?tick....

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jubber
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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Genesis
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Buy buy buy!!!!! CDS that is ;-)

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Jamesbond
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Time for another Greek bailout ...

http://www.reuters.com/article/2011/06/1....
Jamesbond
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ZH covered this as well:

http://www.zerohedge.com/article/greek-p....

Tyler Durden wrote..
Good morning Europe: do you know where you record wide PIIGS CDS are? From Reuters: "The cost of insuring Greek government debt against default rose to a record high of 1,600 basis points on Monday, hit by concerns that any second rescue of Greece will trigger a credit event or at least multi-notch rating downgrade of its debt. Five-year credit default swaps (CDS) on Greek government debt rose 58 bps on the day to 1,600 bps, according to data monitor Markit. The Markit iTraxx index of western European sovereign CDS was up 9 bps on the day at 220 bps, near a record high of 221 bps hit on January 10. Portuguese CDS were up 40 bps at 773 bps, while Irish CDS were 33 bps higher at 745 bps, both at record highs. Spanish CDS were up 13 bps at 289 bps." The slow motion European implosion is now accelerating as the reality that there is no spoon, nor rescue plan, is finally appreciated.
Jubber
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Greece 10Y 17.18%
Ireland 1OY 11.39%
Portugal 10Y 10.71%

OIIGS 713.81 new high !!

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Particenens
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10years bond yield spread German vs Greece

http://www.bloomberg.com/apps/quote?tick....

ATH
Inline

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A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain
Jubber
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All Greek Bond yields just lept higher 10Y now 17.38%

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jamesbond
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"Greece will default; it’s a question of when, rather than if,” said Vincent Truglia, managing director at New York-based Granite Springs Asset Management LLP and a former head of the sovereign risk unit at Moody’s. “It’s a basic solvency issue rather than a liquidity issue. Only a debt writedown will do."

http://www.zerohedge.com/article/europe-....
Jubber
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Greek 5Y 19.77% All time high
Greek 2Y 27.53% ATH
Greek 3Y 27.88% ATH
Greek 10Y 17.62% ATH

Ireland 10Y 11.45% ATH


Portugal 10Y 10.68% ATH
Portugal 5y 12.27% ATH

Nothing to see here, move along....

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jamesbond
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S&P Downgrades Four Main Greek Banks From B To CCC On Deposit Flight Concerns And General Bankruptcy Fears

http://www.zerohedge.com/article/sp-down....
Jubber
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Those Greek bond prices I posted earlier are now up a load more:-


2 Y 27.97%
3 Y 28.53%
5 Y 20.23%
10Y 17.88%

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jubber
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Todays Greek Bond prices

2 Y 28.84%
3 Y 29.52%
5 Y 20.74%
10Y 17.80%

with

Ireland 10Y 11.54%

Portugal 10Y 10.81%

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jubber
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Average price of credit-default swaps (CDS) on Portugal, Italy, Ireland, Greece and Spain (PIIGS) 763.50

inline

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jubber
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Greece

2 Y 30.13%


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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Particenens
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2years greek yield

Inline

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A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain
Jubber
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2Y 30.26%

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Particenens
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amazing

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A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain
Jubber
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Market seems to be saying so what? weird, perhaps people are accepting that the default is inevitable and is priced in???

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Jamesbond
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ZH: Greek CDS Hits Ridiculous 1,900 bps On Total Chaos Over What Happens Next
ZeroHedge wrote..
This morning Greek CDS is trading at a spread of 1,900 bps: a level that seals the fate of Greece, whose bonds are being sold into a bidless market. Two primary factors have totally shocked the market: one is that, as Reuters, reports, Germany now "wants the deadline for for a second Greek rescue package to be pushed back to September, reflecting the problems Europe is having hammering out the details, EU and banking sources said on Thursday."

http://www.zerohedge.com/article/greek-c....
Jubber
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Todays Greek Bond prices

2 Y 29.61%
3 Y 30.33% ATH
5 Y 21.10% ATH
10Y 18.02% ATH

with

Ireland 10Y 11.69% ATH

Portugal 10Y 11.02% ATH

Average price of credit-default swaps (CDS) on Portugal, Italy, Ireland, Greece and Spain (PIIGS)
867.31

inline

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher

Genesis
Posts: 130660
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Oh look - a boner!

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Jamesbond
Posts: 589
Incept: 2009-01-31

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Quote:
Average price of credit-default swaps (CDS) on Portugal, Italy, Ireland, Greece and Spain (PIIGS) 867.31


Will it reach 900? 1,000?
Particenens
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inline

Portugal CDS 5Y ATH at 850.9 +21.7 today

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A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain
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