Greek yields tum­ble.

Kathimerini English - - Focus -

Greece’s bor­row­ing costs fell sharply yes­ter­day as signs emerged that the coun­try’s main cred­i­tors have agreed a com­mon stance on bailout talks. Two-year Greek gov­ern­ment bond yields fell more than 100 ba­sis points to 8.81 per­cent, mov­ing fur­ther away from seven-month highs above 10 per­cent hit on Thurs­day as wor­ries about the fu­ture of Greece resur­faced. Eu­ro­zone lenders and the In­ter­na­tional Mone­tary Fund agreed be­tween them­selves to present a com­mon stance to Greece later yes­ter­day in talks in Brus­sels on re­forms and the fis­cal path Athens must take, eu­ro­zone of­fi­cials said, bring­ing some re­lief to mar­kets. “There seems to be a high de­gree of will to put this is­sue to bed prior to elec­tions in the eu­ro­zone,” Rabobank fixed in­come strate­gist Lyn Gra­hamTay­lor told Reuters yes­ter­day.

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