As a matter of curiosity more than anything else, I occasionally take a peek at Greek bond yields. Today, the Greek 1-year yield topped 1,000% for the first time.

The following chart courtesy of Bloomberg.

To be specific, the yield is a nice 1,066.661%

That yield reflects the idea that 1-year bonds will be nearly worthless before the month is over.

Mike “Mish” Shedlock
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