ECONOMY

Greek bond yields decline

Greek bond yields decline

Investors started focusing on the positives in the eurozone on Friday, particularly after European Central Bank chief Mario Draghi’s optimistic comments the day before.

“Everything has turned upside down – European political risks have faded, the economy is looking strong, while in the US everybody is worried,” said DZ Bank strategist Daniel Lenz.

In a further positive for the single-currency bloc, Greek lawmakers approved pension cuts and tax hikes on Thursday sought by the country’s lenders to unlock vital financial aid.

Greece’s 10-year government bond yield fell 2 basis points on Friday to 5.77 percent, close to recent lows hit since an agreement on bailout reforms appeared to move closer.

[Reuters]

Markets

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