Greece May Have to Pay More Than 7% to Sell Bonds (Update1)

http://www.bloomberg.com/apps/news?pid=20601110&sid=a0y00QbKxfpg

Greek 10-year notes currently yield about 330 basis points more than the benchmark. The nation can expect to offer a premium of about 30 basis points to that, based on its sale of five-year notes, plus another 40 or 50 basis points to compensate for the risk of another plunge in price, Gisdakis estimated. Adding 80 basis points to current 10-year yields of about 6.55 percent, is equivalent to more than 7.3 percent.