BUSINESS

Greek five-year bond yields fall to 3-1/2 month low

TAGS: Finance, Economy

Greece’s five-year government bond yield fell to its lowest level since late September on Wednesday, extending a downward move on upbeat sentiment as Greece is seen heading towards exiting its bailout program this year.

Greece wants to create a cash buffer of up to 19 billion euros ($23 billion) to cover debt repayments after it exits its current bailout program and plans three new bond issues by August, government officials told Reuters on Tuesday.

The yields on five-year Greek bonds fell to 3-1/2 month lows at 2.856 pct, down 10 bps on the day. Other Greek bond yields were 2-5 basis points lower on the day. [Reuters]

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