In the two day after Syriza's dramatic victory in the local Greek election, global investors assumed this loud cry against European policies would mean... more of the same, and as a result not much changed in the risk assessment of Greek assets. Then, overnight, following the previous report that not only does Syriza mean business but it is actively pivoting away from Europe and toward Russia, and everyone started paying attention, with a waterfall of selling engulfing not only the Greek stock market but also its bonds, which are crashing sending the 3 Year yield to 16.4%, the highest since the restructuring, and the ... (full story)