{"id":485281,"date":"2010-03-29T11:29:27","date_gmt":"2010-03-29T15:29:27","guid":{"rendered":"http:\/\/www.businessinsider.com\/greek-cdss-exploding-after-horrible-debt-auction-2010-3"},"modified":"2010-03-29T11:29:27","modified_gmt":"2010-03-29T15:29:27","slug":"greek-cdss-exploding-after-horrible-debt-auction-blamed-on-easter","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/485281","title":{"rendered":"Greek CDS&#8217;s Exploding After Horrible Debt Auction (Blamed On Easter)"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b72fd9d0000000000373bf8\/greece-strike.jpg\" border=\"0\" alt=\"greece strike\" \/><\/p>\n<p>Greek credit default swap spreads rose to 303 basis points from 293, after a weaker than expected Greek bond auction according to <a href=\"http:\/\/www.zerohedge.com\/article\/greek-cds-jump-books-new-7-year-%E2%82%AC5bn-issue-covered-just-14-times-greeks-blame-weak-demand-ea\">Zero Hedge<\/a>. &#8216;The recently auctioned off 10-Year bond saw preliminary demand of &euro;16 billion. The current order book is just 1.4x covered, at barely &euro;7 billion in demand.&#8217;<\/p>\n<p>Some are blaming the easter holiday for the disaster which ZH finds <a href=\"http:\/\/www.zerohedge.com\/article\/greek-cds-jump-books-new-7-year-%E2%82%AC5bn-issue-covered-just-14-times-greeks-blame-weak-demand-ea\">hilariously ridiculous<\/a>.<\/p>\n<p>European CDS&#8217;s are reacting negatively <a href=\"http:\/\/www.claridenleu.com\/research\/index.cfm?fuseaction=research.reutnews&amp;detailType=newsDetail&amp;nid=1269871611nLDE62S1M4&amp;lang=en&amp;cfid=350910&amp;cftoken=23607227\">as well<\/a>.<\/p>\n<p>Note this comes even after signs of financial backing from the IMF and the Eurozone. Greece isn&#8217;t out of the thickets yet&#8230;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/greek-cdss-exploding-after-horrible-debt-auction-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-eu-has-made-things-too-easy-for-the-greeks-2010-3\">&#8216;The EU Has Made Things Too Easy for the Greeks&#8217;<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-new-normal-investors-will-demand-inflation-protection-for-their-bonds-2010-3\">The Surge In Inflation-Protected Bonds Is A Huge Middle Finger To Decades Of Government Abuse<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/finally-greece-bailed-out-by-the-imf-2010-3\">FINALLY: The IMF Solves The German Crisis<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/rdQPF943Kuk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greek credit default swap spreads rose to 303 basis points from 293, after a weaker than expected Greek bond auction according to Zero Hedge. &#8216;The recently auctioned off 10-Year bond saw preliminary demand of &euro;16 billion. The current order book is just 1.4x covered, at barely &euro;7 billion in demand.&#8217; Some are blaming the easter [&hellip;]<\/p>\n","protected":false},"author":6205,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-485281","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/485281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6205"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=485281"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/485281\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=485281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=485281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=485281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}