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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: frankw1900 who wrote (20186)	12/18/2011 8:18:53 PM
From: ahhaha	Read Replies (2) \| Respond to of 24758

The 19th and 22nd Greek items are the ones that referred to as "rollover". Your list refers to these actions as "redemptions". It's worthwhile discerning between the two terms. What will Greek authority redeem? That is, what will they exchange for the bonds? Euros. What will happen to the euros? Will they be rolled over, used to retake some Greek sovereigns? Get it? Do you see why I say there's a potential "credit event" here?. Also, note that Portugal intends to sell Bills on Friday. It is absolutely critical that they sell all of it. Can't take an under subscription.