ECONOMY

Greek bonds and stocks slump for third day

Greek bonds and stocks slumped for a third day, with equities heading for their lowest level since October 2012.

The yield on three-year notes jumped 191 basis points to 15.93 percent at 11:26 a.m. in Athens, and the ASE Index lost 3.8 percent, extending its annual drop to 8.8 percent.

Germany and the Netherlands hardened their rhetoric on Greece, pressing newly elected Prime Minister Alexis Tsipras to endorse the fiscal tightening that underpins the 240 billion-euro ($272 billion) aid program. At the same time, the new government questioned moves to impose more sanctions on Russia, adding to the discord. [Bloomberg]