ECONOMY

Greek bond yields drop ahead of Fitch review

Greek bond yields drop ahead of Fitch review

Borrowing costs across the euro area were mostly steady on Friday, although expectations for higher inflation and a step towards tighter monetary policies from major central banks continued to weigh on sentiment across world bond markets.

On Friday morning there was some focus on Greece, with Fitch Ratings due to release its latest review on the indebted southern European state late in the day.

Fitch rates Greece 'B-' with a positive outlook.

In January Standard & Poor’s lifted Greek long-term ratings for the first time in two years.

Greece’s benchmark 10-year sovereign bond yield stood at 4.273 percent at noon on Friday, down more than 14 basis points from Thursday.

[Reuters]

Markets

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