ECONOMY

Greece’s 10-year bond yield drops 13 bps to 8.30 pct

Greece’s five-year bonds rose on Monday after a poll on Sunday showed that the lead of the anti-austerity SYRIZA party had narrowed before the second round of a presidential vote on Tuesday.

The Greek five-year note yield fell 30 basis points to 8.53 percent.

The country’s 10-year rate declined 13 basis points to 8.30 percent.

SYRIZA had 27.1 percent backing, according to a Rass poll released on Sunday.

That compared with 23.7 percent for New Democracy.

The gap narrowed from 5.3 percentage points.

[Bloomberg]