Greek Authorities Ban Hedge Funds From Buying Any of Their New Bonds

``But if the strategy was an attempt to entice such investors as asset managers, pension funds, or life insurance companies rather than hedge funds ; well, the idea didn’t really work. Greece’ new 10-year bonds, payable at an annual interest rate of 6.37%, twice the rate on comparable German bonds, attracted hardly any trading on Friday. One hedge fund manager was quoted by FT as saying: “Here is a country struggling to sell its bonds. Surely it should not be turning away buyers.”''