. . . on the lips of traders Wednesday morning:

Financials:

Bonds:

*GREEK 10-YEAR GOVERNMENT BONDS FALL; YIELD RISES TO 5.40%
GREEK-GERMAN 10-YR BOND YIELD SPREAD WIDENS 4 BPS TO 225 BPS

CDS:

5-YEAR GREEK CDS RISES TO 226.8 BPS VS 209 BPS IN NEW YORK CLOSE  ON TUESDAY – CMA DATAVISION

Traders:

Greece is getting slaughtered again today, the street basically hits ANY bid they can find.
5-year’s  25-35 bps wider.
make that 50 bps now
no more prices in Greece on screens

Greek Finance Minster:

PAPACONSTANTINOU SAYS GREEK BANKING SYSTEM NOT AT RISK
PAPACONSTANTINOU SAYS `NO RISK’ TO GREEK BANKING SYSTEM
PAPACONSTANTINOU SAYS GREEK BANKS `FUNDAMENTALLY SOUND’
PAPACONSTANTINOU: GREECE UNDER EURO UMBRELLA, NO NEED FOR AID
PAPACONSTANTINOU SAYS GREECE HAS NO IMMEDIATE BORROWING NEEDS
PAPACONSTANTINOU SAYS GOVT DOING WHAT IS NECESSARY
GREECE’S PAPACONSTANTINOU ‘NO RISK OF DEFAULT’
PAPACONSTANTINOU SAYS GREECE WON’T SEEK EU AID PACKAGE
PAPACONSTANTINOU SAYS GREECE HAS CREDIBILITY ISSUE

Related links:
Greece, the not-so-expected impacts – FT Alphaville
How do you say vicious circle in Greek? – FT Alphaville
Pressure on Greece mounts after downgrade – FT

This entry was posted by Neil Hume on Wednesday, December 9th, 2009 at 10:08 and is filed under Capital markets, People. Tagged with alpha bank, EFG eurobank, fitch, Greece, Greek, national bank of greece, PAPACONSTANTINOU, piraeus bank. Edit this entry.