The government had to pay up to 13% to place treasury bills this week (though that was less than the 16% of last month).

ECONOMIST: Argentina: Long recession, short shrift | The

This week the government placed three-month treasury bills in the local market at an interest rate of 8.5%, down from 16% in November.

ECONOMIST: Argentina��s distant allies and the fiscal gap

Monday, before the vote, the so-called TED spread, or the gap between the rate at which banks will trade with each other and three-month Treasury bills had grown to 348 basis points from 200 basis points last week, which shows a continued lockup of the credit markets.

FORBES: The Banks

Last week, Greece was able to raise 4.06bn euros with an issue of three-month treasury bills, but the government had to offer an interest rate of 4.43% to attract investors.

BBC: Antonis Samaras