BUSINESS

Greek two-year bond yield falls to lowest since early 2010

TAGS: Economy

Greek government borrowing costs fell to their lowest level since early 2010 on Wednesday, the latest leg lower after the country reached a debt deal with its creditors last week.

The move comes as Prime Minister Alexis Tsipras said Athens should be in a position to return to bond markets very soon, predicting yields on the country's bonds would continue to fall.

Greece's two-year bond yield – an indication of the level at which the country can borrow cash for two years in financial markets – fell as far down as 4.15 percent, its lowest in more than seven years, according to Reuters data.

Ten-year bond yields fell to their lowest since September 2014 at 5.56 percent. [Reuters]

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