Greek 1-Year Bond Yield Tops 408 Percent; Hard Default Appears Imminent

In conjunction with a "Pause for Reflection" and stalled talks by Greece Bank Creditor Group over the benefits of further "voluntary" cuts on Greek debt, yield on 1-year Greek bonds soared over 400%.



A hard default appears imminent.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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