CHART OF THE DAY: SOVEREIGN BOND YIELDS TANK

Courtesy of Bondsquawk:

Greek bonds are roaring back as yields decline across the curve.  The yield on Greek 2-Year bonds are trading at 7.68 percent, a drop of 1058 basis points while the yield on the 5-Year decreased 698 basis points to 7.61 percent. The 10-Year is advancing as the yield tightened by 460 basis points to 7.85 percent.

Greek 2-Year Yield Historical Chart

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About Post Author

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

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