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Some economists have analyzed that a 3-year bond at 5.33% implies a 10 year-bond at 7.xx%. If that's so (again, I'm not an expert) one might argue that this deal is actually above the rate Greece was getting in the open market just two weeks ago.

I don't think you can make such a statement.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Tue Apr 13th, 2010 at 09:55:03 AM EST
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