Greek Bonds Faltering -- Back to the EU Drawing Board

Filed under: International Markets, Other Issues, Bad News, Rants and Raves, Market Matters, Money and Finance Today

Just last week I questioned why anyone would be interested in acquiring 10 year Greek bonds (Serious Money: Greek Bonds or High Yield Stocks) when there were so many alternatives. The answer is that not enough are, and that means to find a sufficient number of investors the yields are rising with continued upward pressure.

The pretend economic support of Greece by the European Union members and the International Monetary Fund (IMF), which is smoke and mirrors absent any guarantees or required concrete action, gives investors no confidence. If Greece's European partners are so concerned that Greece has the potential to falter in meeting its obligations, then why would anyone else have confidence?

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Greek Bonds Faltering -- Back to the EU Drawing Board originally appeared on BloggingStocks on Wed, 31 Mar 2010 17:30:00 EST. Please see our terms for use of feeds.

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