BUSINESS

Greek bond yields hold close to 6-month low

TAGS: Markets

Greek government bond yields held near a six-month low on Tuesday as European finance ministers met to review Greece’s bailout and discuss the potential for a debt restructuring.

Short-dated Greek bond yields, which move in the opposite direction to the price, tumbled more than 100 basis points on Monday and extended those falls slightly on Tuesday.

Greek 10-year bond yields hovered around 7.38 percent, close to a six-month low of 7.33 percent touched earlier in the day.

That kept the yield spread between Greek bonds and top-rated German peers around 720 basis points – its tightest in six months.

[Reuters]

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