ECONOMY

Greece’s 10-year government bond yield drops to eight-year low

greece-amp-8217-s-10-year-government-bond-yield-drops-to-eight-year-low

Greece’s 10-year borrowing costs dropped to an eight-year low with a trader citing an upbeat announcement from eurozone bailout fund European Stability Mechanism earlier this week.

The yield on Greece’s 10-year government bond has dropped to an eight-year low of around 4.84 percent.

[Reuters]