Sometimes A Picture Is Worth 1000 Basis Points Of Missing Yield On The Absurdly Mispriced Greek “Junk Bonds”

Sometimes a picture is worth 1000 basis points of missing yield. The salvage workers shown below may be needed on the absurdly priced 4.95% “junk bonds” issued by the motely crew of Brussels-appointed vassals which passes for the Greek government.

Forensic experts search for evidence on a street where a car bomb went off outside a Bank of Greece building in central Athens early Thursday.                Reuters