Friday, January 22, 2010

Greek Bonds Slide on Concern Nation Won’t Find Buyers for Debt

http://www.bloomberg.com/apps/news?pid=20601087&sid=alJGMFdpCBxI&pos=6

Credit-default swaps on Greek government debt rose 11 basis points to a record 354, according to CMA DataVision prices. That means it costs $354,000 a year to protect $10 million of the government’s debt from default for five years.

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