The Effects Have Already Started

I suppose the fact the ECB completed their swap today (which came a little out of the blue) and the announcement of retroactive CACS came after the EU close and today is op-ex when Wall Street has a vested interest in pinning the market rather then letting it discount these events, was beyond coincidence, however that doesn't mean the effects aren't being seen...

Here are some Bloomberg Terminal (Maybe next Christmas?) charts of Greek GGB yields...

 This is a new record high for Greek GGB's at 629% and the biggest 1 day jump EVER!

This shows 1 day price moves and today's record breaking move.