ECONOMY

Greek bond yields rise further on nervous markets

greek-bond-yields-rise-further-on-nervous-markets

Government bond markets across the eurozone scissored wide apart on Thursday as investors fled Portugal and Greece for the relative safety of German bonds.

Government bond prices fell sharply across the eurozone’s southern flank, pushing yields higher, as investors demanded higher returns on their investment because of renewed fears of a Greek default and Portugal’s trouble in keeping to eurozone deficit rules.

Yields on 10-year Greek government bonds rose to 11.4 percent on Thursday from 10.9 percent the previous day, and Portuguese yields tightened to 4.0 percent from 3.7 percent.

[AFP]