10 year Greek bond nearing 31% yield.

Greek bonds:
3 mo = 11.7% yield
6 mo = 8.2%
1 year = 311.4%
2 year = 127.9%
3 year = 83.2%
5 year = 46.4%
10 year = 30.9%
30 year = 20.2%

So it seems that bond traders have priced in a default somewhere around a year from now, eh?  That 11.7% 3 month yield sure sounds good, though.  If an investor is lucky, the EU will come out with some more short-term bailouts, thereby ensuring payback on that 3-month investment.

Any day now...?