September 6, 2011
How much does Mr Market dislike Greece’s sovereign debt? The chart below, which shows the ten countries with the highest-yielding two-year paper, puts Athens in the kind of company that Greeks are unused to keeping. Shorter-dated Greek government bonds have even higher yields. On the other side of the ledger, money has flooded to safe havens like Switzerland, leading the Swiss government to announce measures to put a ceiling on the value of the Swiss franc.
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