Who would get US bonds when they can get GR ones with a lower yield?
Dear Mrs Lagarde, please assign an employee and buy all bonds from Greece. The divergence must be addressed immediately before the end of the month. Please also get the state security to find out who is selling their bonds here. So it does not go on, that here insiders simply sell off before the outstanding bonds are converted into 100 year permanent...
In the short term, the ECB is still holding out against the capital flight from Greek government bonds, but it is powerless against the capital flight out of the euro. The ECB's new bazooka won't help, Mrs Lagarde. As you can see in the chart, the candy has been sucked and the trader world can see that too. Best regards from Hannover (Lower Saxony) Stefan...