Comments on: CNBC graphic of the day, Greek bond yield edition http://blogs.reuters.com/felix-salmon/2012/06/11/cnbc-graphic-of-the-day-greek-bond-yield-edition/ A slice of lime in the soda Thu, 20 Jun 2013 02:11:39 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: DataGuru http://blogs.reuters.com/felix-salmon/2012/06/11/cnbc-graphic-of-the-day-greek-bond-yield-edition/comment-page-1/#comment-40049 DataGuru Tue, 12 Jun 2012 15:43:08 +0000 http://blogs.reuters.com/felix-salmon/?p=14865#comment-40049 I was curious how Bloomberg came up with estimating the Greek 2-yr Note yield at 8.98%. When i checked their site i realized that you're actually quoting the percent change between the yield on the last day of trading, 3/12, and the previous day as noted by the time stamp below the quote. Even their Chart shows the last point being on 3/12 with a value of 225%. So it seems CNBC was just showing a similar chart of the run-up to the default and wasn't trying to imply that it was still trading. I've seen other sources showing the latest yield on 3/12 as high as 404%. I was curious how Bloomberg came up with estimating the Greek 2-yr Note yield at 8.98%. When i checked their site i realized that you’re actually quoting the percent change between the yield on the last day of trading, 3/12, and the previous day as noted by the time stamp below the quote. Even their Chart shows the last point being on 3/12 with a value of 225%. So it seems CNBC was just showing a similar chart of the run-up to the default and wasn’t trying to imply that it was still trading. I’ve seen other sources showing the latest yield on 3/12 as high as 404%.

]]> By: FifthDecade http://blogs.reuters.com/felix-salmon/2012/06/11/cnbc-graphic-of-the-day-greek-bond-yield-edition/comment-page-1/#comment-40043 FifthDecade Tue, 12 Jun 2012 00:26:39 +0000 http://blogs.reuters.com/felix-salmon/?p=14865#comment-40043 lol! Particularly this bit: "maybe if I asked him that kind of question, it could be possible for me to walk away none the wiser about anything." That is absolutely so true of CNBC, although I do have to say the European version isn't quite as 'in your face' as the US version. lol! Particularly this bit: “maybe if I asked him that kind of question, it could be possible for me to walk away none the wiser about anything.”

That is absolutely so true of CNBC, although I do have to say the European version isn’t quite as ‘in your face’ as the US version.

]]> By: Woj http://blogs.reuters.com/felix-salmon/2012/06/11/cnbc-graphic-of-the-day-greek-bond-yield-edition/comment-page-1/#comment-40029 Woj Mon, 11 Jun 2012 18:14:35 +0000 http://blogs.reuters.com/felix-salmon/?p=14865#comment-40029 You note that "Even without such a scheme, there’s a strong case to be made that if and when Greece leaves the euro, the EU should essentially write a large check to Greek depositors, making up for any losses due to the drachmaization of their deposits." In this scenario, a country that leaves the EMU can devalue or default on its public debt, while ensuring that private citizens are not made worse off. Why would other countries not immediately accept a similar bargain, leaving Germany and the core to cover hundreds of billions or trillions in euro deposits? You note that “Even without such a scheme, there’s a strong case to be made that if and when Greece leaves the euro, the EU should essentially write a large check to Greek depositors, making up for any losses due to the drachmaization of their deposits.”

In this scenario, a country that leaves the EMU can devalue or default on its public debt, while ensuring that private citizens are not made worse off. Why would other countries not immediately accept a similar bargain, leaving Germany and the core to cover hundreds of billions or trillions in euro deposits?

]]> By: KidDynamite http://blogs.reuters.com/felix-salmon/2012/06/11/cnbc-graphic-of-the-day-greek-bond-yield-edition/comment-page-1/#comment-40028 KidDynamite Mon, 11 Jun 2012 16:57:45 +0000 http://blogs.reuters.com/felix-salmon/?p=14865#comment-40028 nice catch, Felix. utter ridiculousness from CNBC. nice catch, Felix. utter ridiculousness from CNBC.

]]>