Greek 6M-1Y Curve Inverted, Spread Difference Between 3M And 6M Almost 300 Basis Points

As an indication of just how royally… busted… things are in Greece, note the most recent GGB curve below. While the 10s30s inversion is not too surprising as at this point nobody expects Greece to be solvent for 30 years, what is more amusing is the inversion of the 6 Month – 1 Year points. Furthermore, the surge between 3 and 6 months over almost 300 bps indicates that the market is pretty much convinced D-Day for Greece will occur, as we expected, sometime between July and September. Which is two months before the Mid-Terms…. And is two months before the deadline that the fmr Israeli Deputy Defense Secretary said Israel will likely have to attack Iran by. Second half of 2010 should be significantly more volatile than the past 12 months.

Originally published at Zero Hedge and reproduced here with the author’s permission.

Opinions and comments on RGE EconoMonitors do not necessarily reflect the views of Roubini Global Economics, LLC, which encourages a free-ranging debate among its own analysts and our EconoMonitor community. RGE takes no responsibility for verifying the accuracy of any opinions expressed by outside contributors. We encourage cross-linking but must insist that no forwarding, reprinting, republication or any other redistribution of RGE content is permissible without expressed consent of RGE.

RT Europe, RT Eurozone, RT Finance and Banking, RT Financial Regulation, RT Government Bonds, RT Greece, RT Markets

Greek 6M-1Y Curve Inverted, Spread Difference Between 3M And 6M Almost 300 Basis Points added by Tyler Durden on April 6, 2010
View all posts by Tyler Durden →