Markets blew up the bunds and helped Greece

Bond traders' "short of a lifetime" - an overdue correction since mid-April of the bubbly German bond market - has brought down the yields on the Greek ten-year government bond by 135 basis points to 10.75 percent last Friday - one of the lowest yields in a highly volatile Greek market since the Coalition of the Radical Left Party (the Syriza) came to power last January.