Greek Police Detonate Bomb Sent to French Embassy

Greek police detonated a parcel bomb addressed to the French embassy in Athens on Thursday but checks at a courier company on more than 20 other packages destined for embassies and ministries showed they were harmless. The parcel bomb, disguised in a hollowed out book, was sent on Monday, when the first of a wave [...]

New Greek €5 Billion 10 Year Bond Prices At 300 Over Midswaps, 326 bps Over 2020 Bund, Comes With 6.25% Coupon

The Greek 10 year bond issue priced at a reoffer of 98.942; It came with a 6.25% coupon, and pricede at 300 over midswaps or 326 bps over the January 2020 Bund. The bond pays annual interest: what are the InTrade odds that even one coupon gets made on this issue? Bloomberg notes that the [...]

Postcards From Greece

For all those who wish CNBC would actually focus on the real problem areas of discussion, such as, oh, say Greece, and do some reporting instead of pandering to mutual fund managers puimping their books, here is a clip of what is really going on in this southeast European hotbed of IMF bailout activity.   [...]