Greek gov't bonds climb after Eurogroup

TAGS: Markets

Greek government bonds soared on Wednesday in response to the deal reached after a long Eurogroup meeting in Brussels on Tuesday, pushing the yield on the benchmark 10-year bond to below 7 percent for the first time since November as the once very real chance of Greece quitting the eurozone was now seen as remote.

“The question of eurozone membership is off the table,” French Finance Minister Michel Sapin told a cabinet meeting in Paris on Wednesday.

“The crisis between Greece and the eurozone is over and behind us.”