Investors dumped Greek bonds on Monday, after talks on ending a deadlock between Athens and its international creditors broke down at the weekend and the prospect of a debt default drew dramatically closer.The two year bond rose to almost 30%--which, conversely, means its price fell.
Greek government bond yields spiked to the highest and stocks fell to their lowest since April.
“A default of some sort is now all but a certainty,” said Yiannis Koutelidakis, senior economist at Fathom Consulting in London.'Default of some sort', has been certain for some time. What's in doubt are the specifics.