ECONOMY

Bonds slide on fears for next Greek bailout tranche

Greece’s bonds fell on Tuesday on reports talks are deadlocked over the nation’s next aid disbursement.

Greek 10-year yields rose the most in more than two weeks as the government and its international creditors remained deadlocked over a final round of measures required to release the last tranche of the country’s bailout, two people familiar with the negotiations said.

The government is resisting pressure from the so-called troika of creditors for additional budget savings in 2015, the people said.

The group is made up of the International Monetary Fund, the European Commission and the European Central Bank.

The rate on the Greek 10-year debt climbed 21 basis points on Tuesday to 8.27 percent, which is the biggest one-day increase recorded since October 30.

[Bloomberg]