ECONOMY

Greek bond yields decline

greek-bond-yields-decline

Sovereign bond yields fell on Monday in peripheral Europe, where the bulk of banking concerns have focused.

Portuguese and Italian 10-year yields were five basis points lower at 3.33 percent and 1.53 percent, respectively.

Greek yields were slightly lower after a local press report on Saturday that Athens’s EU lenders are working on a plan that would initially allow lower interest rates and longer maturities on its 316-billion-euro debt, while at a later stage there would be talks on linking debt payments to economic growth.

[Reuters]