Greek bond yields rise following Eurogroup


Greek bond yields rose on Tuesday after eurozone finance ministers agreed some debt relief for the debt-laden nation on Monday.

Analysts said International Monetary Fund involvement in a new bailout and the inclusion of Greek debt in the European Central Bank’s quantitative easing scheme were crucial for declines in yields that would let the country tap bond markets again.

“We remain of the view that IMF involvement is far from a done deal, given that it will need to specify medium-term debt-relief measures to make Greece’s debt sustainable within the Fund’s framework, as well as full reform implementation,” Barclays said in a note.