ECONOMY

Greek bonds rise as country resumes compromise efforts

Greece’s government bonds rose on Tuesday, pushing prices on two-year notes to the highest in more than a month, as the country resumed efforts to break a deadlock with creditors amid evidence that voters want the government to compromise.

The gains pushed down returns on the notes due in 2017 toward the lowest in a month.

The yield fell 196 basis points, or 1.96 percentage points, to 20.36 percent.

It last dropped below 20 percent on March 27.

The yield climbed to 30.05 percent on April 22, the highest since the nation’s debt was restructured in 2012.

[Bloomberg]