BUSINESS

Greek bond yields decline

TAGS: Markets

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]

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