The premium demanded by investors to hold Greek 10-year bonds continued to rise on Wednesday, reaching a peak of 16.17 percent and driving spreads with benchmark German bunds up  by 1292 basis points. The yield for shorter-term two-year Greek bonds was driven even higher to 23.9 percent.
Credit Default Swaps (CDS) insuring Greek debt against default reached an all-time high of 14.89 percent.