Comments on: Five explanations for Greece’s bond yield A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: y2kurtus Mon, 14 Apr 2014 02:21:10 +0000 The idea that governments are going to take a bath and spare the private sector is laughable.

The idea that bond holders are some how going to benefit from currency devaluation is also a head scratcher… I make a 5% coupon return in a currency that gets devalued by probably at lest that much? Better than owning German notes but hardly a win.

Using the optimistic outcome outlined above you’ve basically got 15% max upside in 18 months. What’s your max downside -50%.