Monday, June 1, 2015

Greece's endgame nears... really

Financial Times
June 1, 2015

On and on goes the Greek soap opera. Yet again, short-term bonds are swooning, and analysts are warning that we are reaching the end game. No, really this time.

Greek prime minister Alexis Tsipras and the monitors formerly known as the troika are clearly still not firm friends, judging from Mr Tsipras' latest in Le Monde.

The country's two-year bonds now yield 23.45 per cent, up by over a percentage point Monday. (Higher yields, of course, reflect lower prices.)

Bank analysts are sounding increasingly gloomy.


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