The Bond Market and Greece

From Briefing.com:

"Greek Finance Minister Venizelos expected to resign from post after taking control of Socialist party"


I really don't think that is the catalyst.


The 1 p.m. 30 year bond auction came in at a very high yield which was conducted starting at 1 p.m.. The 30 year hit the highest yield since an auction that came 2 days after the US credit rating was downgraded. We have a trillion dollars of issuance over the next 10 months and China is a seller with $100bn in sales in December. The latest TIC data coming out soon, perhaps there's something in the TIC data that is showing the nightmare scenario of the US needing to issue $1 Tn. in bonds and China accelerating sales of UST's.


Or... perhaps it's just....