ECONOMY

Greek bond yields hit 2.5-month lows

Greek bond yields hit 2.5-month lows

Greece’s government bond yields hit a two-and-a-half-month low on Friday after eurozone finance ministers said they are set to decide in June on future steps to help Greece successfully end its current bailout program.

Greece’s 10-year bond yield dropped to as low as 3.901 percent, down 3 basis points on the day, and five-year Greek bond yields dropped to 2.993 percent, down 5 bps on the day.

Both yields were at their lowest since February.

“News that had discussions will begin is positive for Greece and [Greek government bonds] given that Germany’s finance minister remains the harshest on debt relief and is now open to talks,” said DZ Bank rates strategist Sebastian Fellechner.

[Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.