Bond yields soar on bailout con­cerns

Kathimerini English - - Focus -

LON­DON (Reuters) – Greece’s two-year gov­ern­ment bond yield soared to its high­est level in more than seven months yes­ter­day on grow­ing wor­ries over whether the Euro­pean Union and the In­ter­na­tional Mone­tary Fund can reach an agree­ment over a third Greek bailout. Two-year yields spiked over 100 ba­sis points to within strik­ing dis­tance of 10 per­cent, ac­cord­ing to Reuters data. The yield on a short-dated Greek bond ma­tur­ing in July rose to a one-year high near 16 per­cent. In its an­nual re­view of Greece’s eco­nomic poli­cies, the IMF said on Mon­day that most of its board di­rec­tors fa­vored a Greek fis­cal sur­plus tar­get of 1.5 per­cent of gross do­mes­tic prod­uct

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.