ECONOMY

Greek bonds climb on bailout tranche decision

Greek securities recorded a notable rise on Friday while Italian bonds and even German bunds experienced a decline.

Greece’s bonds advanced for a second day yesterday after euro-area governments approved the release of a 2.5-billion-euro loan installment to tide the nation through the coming weeks.

The Greek 10-year yield fell 13 basis points to 10.08 percent after dropping to 10.03 percent on July 23, the lowest level since June 19.

This year through yesterday Greek securities have risen 19.4 percent, according to Bloomberg World Bond Indexes.

[Bloomberg]