Greek Bonds – 583 Percent A Year Yield

Greek 1 year bonds hit over 600% yield and are trading as I write (8:30AM) at 583%.

http://www.bloomberg.com/quote/GGGB1YR:IND

2 year Greeks are at 207% down from over 400% earlier this month.

The trick is can you collect?  Will the bonds be around long enough for the first dividend?

Part of the Euro bailout includes a “haircut” of Greek Bonds, some say as high as a 70% haircut, hence the hugh risk premium bond traders are putting on the Greeks.