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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (403279)	4/22/2010 6:50:19 AM
From: MythMan	Read Replies (2) \| Respond to of 436258

>>Greek bonds are expensive even with 10-year yields at 8 percent given the skepticism about the country’s ability to close its budget deficit, according to Blackstone Group LP senior managing director Byron Wien. “You have the PIIGS -- Portugal, Ireland, Italy, Greece and Spain -- in very difficult shape, enormous spread between revenues and expenses, not much prospect of improving that any time soon, so isn’t that similar to what would be a junk bond in the U.S.?” Wien said in a Bloomberg Radio interview with Tom Keene yesterday. “An 8 percent yield on Greek paper seems to me to be too cheap.”<< bloomberg.com bloomberg.com it remains...meaningless..