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Greek 1-Year Bond Yield Tops 408 Percent; Hard Default Appears Imminent

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In conjunction with a “Pause for Reflection” and stalled talks by Greece Bank Creditor Group over the benefits of further “voluntary” cuts on Greek debt, yield on 1-year Greek bonds soared over 400%.

A hard default appears imminent.

Mike “Mish” Shedlock
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Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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Mike Shedlock

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