12 month gross yield on BBG shows +30.11%(yielding 8.46) for today. Is this for real or some sort of bad data? http://www.bloomberg.com/apps/quote?ticker=GBOTG12M:IND
It's not too good data and things aren't quite as bad. 1y BOT is arnd 7.5 - 7.8% yield, roughly 160bps higher on the day.
Does anyone think Italian bonds blow out hard & fast as those burned by Greece and a 50% haircut, with ineffectual CDS, GTFO? That CDS deal makes debt buyers gunshy. "listen we want you to buy this house in a zone prone to fires. We'll sell you fire insurance, but you'll never get paid.