Greek bond yields climb


Greek government bond yields rose on Thursday after the European Central Bank said it would take no decision on whether to reinstate a cheap funding lifeline to Athens banks until the country finalizes reform agreements with international lenders.

Such a waiver was expected after Greece agreed terms on new bailout loans with creditors last month, and would have been seen as a first step in the country’s plans to return to bond markets next year.

Greek two-year bond yields rose 27 basis points to 7.43 percent yesterday.