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Greek CDS blowing out

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By Peter Boockvar - November 16th, 2010, 11:50AM

Greek 5 yr CDS is blowing out by about 100 bps to 950-990 bps after Austria threatened to withhold its portion of the Greek bailout funds because they don’t believe Greece has met the conditions for the next round of money. “We are getting indications that the Greeks can’t stick to their plan in a sufficient manner, in particular on the revenue side” said the Austrian finance minister.

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Category: MacroNotes.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Greek CDS blowing out”

  1. franklin411 Says:
    November 16th, 2010 at 3:27 pm

    One thing the Greeks should NOT consider is defaulting on their bonds. Russia defaulted more than a decade ago, and where are they now? Weak as a kitten, that’s where!

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