ECONOMY

Greek yields drop to 7.83 pct as investors await ECB move

Low-rated eurozone bond yields fell on Tuesday after several sources told Reuters the European Central Bank was considering buying corporate bonds, quelling some concerns that the ECB was not doing enough to stoke inflation and growth.

Greek yields – which rose sharply last week on the government’s bid to exit its bailout and the threat of early elections – were 23 basis points lower at 7.83 percent, having earlier climbed as high as 8.17 percent.

[Reuters]