Flight to Safety is Not a Good Sign

It looks like it will soon be crunch time for Greece (and the Euro)...

From Business Insider:

• The yield on the US 10-year bond has just fallen below 1.7%. UPDATE: the yield has just hit 1.6713%, a brand new record low.
• In Germany, the 10-year has fallen to a new record of 1.33%.
• UK borrowing costs have hit a record low of 1.73%.
• In Finland, the yield on the 10-year is 1.624%. You guessed it, that's a record low.
• Sweden: The 10-year yields 1.405%. Same deal.
• In Australia, the 10-year has dropped close to a record low of 3.061%.
• Canadian 10-year yields at 1.87% are close to a record low.
• Japan's 10-year: 0.85%.
• Swiss 10-year: 0.59%.

"Get the point?
All around the world, people are clamoring for the safety of government debt..."