There's No Hope For A Deal "Priced In" Greek Bank Bonds

Submitted by Tyler Durden on 07/08/2015 19:30 -0400

• B+
 
• Equity Markets
 
• Greece
 
• HFT
 
• Reality

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With equity markets jumping vertically on every possible 'hope' of a deal - no matter what the consequence - we look to the asset class that is a) not driven by headline-reading algos and HFT, and b) is by far the most sensitive to reality - Greek Bank Bonds... and they are carnaging!!

This is the asset to watch to judge 'hope' in Greece... not the S&P 500!!

Charts: Bloomberg

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