by Calculated Risk on 10/21/2011 04:00:00 PM

From the Financial Times: EU looks at 60% haircuts for Greek debt.

The Financial Times reports on a "strictly confidential" report. According to the Financial Times the report notes that the Greek situation has deteriorated significantly since July, and to bring the next bail-out back to the level of the July agreement would probably require "bondholders ... to take a 60 per cent loss on their current holding". That will change the amount need to recapitalize the European banks!

The Greek 2 year yield is up to 77.3%. The Greek 1 year yield is at 183%. (corrected typo)

The Portuguese 2 year yield is up to 17.9% and the Irish 2 year yield is up to 8.6%.

The Spanish 10 year yield is at 5.5% and the Italian 10 year yield is at 5.9%. Both have been moving up recently.