Greece has just sold Euro1.95bln of 13-week T-bills at 3.65% – bid/cover ratio 4.6. The result looks satisfactory and one suspects they will continue with the short-dated auctions until they can get their hands on the EU/IMF loan package at 5%. This weeks US roadshow looks dead in the water after the Greece/Germa bond spread blew out to an all-time record high of over 480bps