ECONOMY

Greek bond yields climb

Greek bond yields climb

Greek government bond yields rose on Thursday after the European Central Bank said it would take no decision on whether to reinstate a cheap funding lifeline to Athens banks until the country finalizes reform agreements with international lenders.

Such a waiver was expected after Greece agreed terms on new bailout loans with creditors last month, and would have been seen as a first step in the country’s plans to return to bond markets next year.

Greek two-year bond yields rose 27 basis points to 7.43 percent yesterday.

[Reuters]

Finance Markets

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