On Tuesday Greece sold 26 week bills with a yield of 4.82% (vs 4.65% in July). Six months is the longest debt Greece can currently sell. Any longer maturities would cost more than the 5% level they are currently paying for the EU bail-out. Today the 10yr government bond yield was unchanged at 11.37%. Wasn’t the purpose of the bail-out to avoid having to come to the bond market and sell more debt?

10yr Greek government bond yield. Source: Bloomberg.com