ECONOMY

Greek 10-year bond yields rise to 7.58 pct in volatile market

Spanish government debt redemptions due this week helped push Italian 10-year bonds higher as investors bet that a sell-off that sent the yields to the most versus Spain’s in two-and-a-half years this week was excessive.

Italy’s 10-year yields fell three basis points, or 0.03 percentage point, to 2.51 percent, the biggest slide since October 21.

Volatility on Italy’s bonds was the highest in the euro area on Wednesday, followed by those of Greece and Spain, according to measures of 10-year debt, the yield spread between two- and 10- year securities and credit-default swaps.

Greek 10-year yields rose 13 basis points to 7.58 percent and touched 7.80 percent, the highest since October 22.

[Bloomberg]