ECONOMY

Greek bond yields buck the trend

Yields on most lower-rated eurozone bonds fell on Monday after European Central Bank President Mario Draghi said unconventional monetary policy measures could include buying sovereign bonds.

Draghi also said the ECB will continue to do “whatever it takes” within its mandate to save the euro and reiterated the single currency was irreversible.

Italian 10-year bond yields fell 5 basis points to 2.29 percent, while equivalent Spanish yields fell 3 bps to 2.21 percent.

Irish and Portuguese yields also dipped, while Greek yields were a touch higher, with the benchmark 10-year bond yield closing at 8.07 percent, up from 8.02 percent on Friday.

[Reuters]