Greece yields march higher with no deal at sight

Euro group finance ministers will hold meeting on 24^th April, Friday to resolve the crisis, however talks suggest there would be deal on Friday.

What would be focus then?

• Does everyone look happy or gloomy - Dutch finance minister who will be chairing the meeting, Mr. Dijsselbloem sounded downbeat this week in a press conference expressing his concern that Greece situation is pretty bad. So focus will now be on, how the policymakers' body languages are after the meeting.
  
  
• Future guidelines - From the press conference, market participants would need to judge whether policymakers are genuinely giving any future guidelines over the issue.
  
  
• Length of the meeting - An early end to the meeting would be a bad signal, suggesting that talks have broken abruptly.

Meanwhile Greek yields keep marching to higher grounds, the pace of rise in yields are fastest since the crisis. Market participants are associating Greek situation with the recent rise in bund yield.

Greece yield curve remains heavily inverted, with near term 2 and 3 year yield hovering around 30% and 10 year close to 13%.