Infrastructure to trade Greek bonds collapses

Greek bonds are getting blocked out of market as several exchanges and platforms are closing down trading in those instruments.

• The Bourse de Luxembourg, which Luxembourg's main exchange to trade Greek bonds, both government and private sector credit has halted trading since yields are sky rocketing and there is widespread liquidity concerns.

• Since Greek markets are closed, it might make sense to close trading elsewhere in Europe.

This is another step in Greece capital controls.

Greek people are barred of withdrawing more than € 60 per day per person from tailoring machines.

Greek stock market is closed, so investors can't pull their money away. Now bond amrkets are closing down globally which trades in Greek shares/bonds.

Similarly, Tradweb, the bond trading platform has suspended trading in Greek securities which includes bonds of Alphabank, Eurobank, Natioanl bank of Greece and many more.

This morning yields on 2019 bonds from National bank of Greece touched 35.5% in Luxembourg, up 20% before trading was suspended.