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Greek 10-year bond yields plummet 1.46 percentage points to 14.66% following the government's...
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Monday, December 3, 2012, 4:42 AM ETGreek 10-year bond yields plummet 1.46 percentage points to 14.66% following the government's release of details about its debt buyback program, while the ASE share index rises 1.3% in Athens. Spanish bond yields are also falling, down 9 bps to 5.22%.
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Now only bad banks using bad money buy the bad debt of bad governments in a circularity of deceit and deception.