Apparently no one in the market wants to touch a Greek bond. Bailout details unclear.
They're the subprime of the sovereign world.
The question is how to profit from this situation. I would not touch something with low liquidity such as the bond itself. On the long side, the risk of default are obvious. On the short side, if the bailout happens, you risk selling at a low price (todays market) and possibly needing to cover your short at a higher price.
The euro is under pressure because of this debt crisis, I would trade in the euro.
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