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“New” Greek Bonds Break 20%, Slide 14% In 2 Days

Submitted by Tyler Durden on 03/23/2012 08:29 -0400 @ZH

New Greek bonds (GGB2) have dropped dramatically in the last 2 days. The 2023 bond has fallen from over EUR29.5 on Wednesday to under EUR25.5 this morning, prices have dropped an incredible 14% and down a painful 17.5% from its opening break highs of just 2 weeks ago. Yields have broken back above 20% for the first time for this new 10Y as it appears reality is sinking in that Greek Bailout III will come sooner rather than later. Eurosis is back.

 

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