The Greek deal opens for expansionist e-currency | 115 comments (115 topical, editorial, 0 hidden)

Selling debt (none / 0)

I just read on the Guardian life blog that Greece "successfully sells 1.14bn euro worth of 26-week T-bills at yield of 2.97% - up from 2.75% last month".

A yield of 2.97%? Is that calculated for the the 6 month or for a full year? It seams extremely low.

by rz on Wed Mar 4th, 2015 at 10:09:34 AM EST

Re: Selling debt (4.00 / 2)

That's the annualised yield for 6-month borrowing. So Greece will pay 1.5% after 6 months, if that makes sense.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Wed Mar 4th, 2015 at 10:12:40 AM EST
[ Parent ]

Re: Selling debt (none / 1)

Seems pretty high in relative terms:

.@lorcanrk on the latest Zervos note on negative yields. http://t.co/lmXZVuiQZR pic.twitter.com/SjxR1bfPGc
— Joseph Weisenthal (@TheStalwart) marzo 4, 2015

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Wed Mar 4th, 2015 at 10:40:59 AM EST
[ Parent ]

Re: Selling debt (none / 0)

Wow! 0.25% for Italy! that is incredible.

Since it is only for 6 month, I guess the risk for the creditors is rather small, so the yield is then not so bad.

by rz on Wed Mar 4th, 2015 at 11:09:18 AM EST
[ Parent ]

Re: Selling debt (none / 1)

It's basically a bet that Varoufakis will agree to a new program in 4 months' time :P

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Wed Mar 4th, 2015 at 11:10:50 AM EST
[ Parent ]

Re: Selling debt (none / 1)

I think the important event this that it only did rise vom 2.7 to 2.9 and not farther. so Greece can still get money.

by IM on Wed Mar 4th, 2015 at 11:11:40 AM EST
[ Parent ]

Re: Selling debt (4.00 / 2)

Well if the ECB is buying and all governments try to reduce issuance of new bonds the result will look silly. It's official, there are no more sellers of bonds.

by generic on Wed Mar 4th, 2015 at 11:46:04 AM EST
[ Parent ]

The Greek deal opens for expansionist e-currency | 115 comments (115 topical, 0 editorial, 0 hidden)

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