ECONOMY

Concerns send Greek bond yields higher

concerns-send-greek-bond-yields-higher

The threat of new elections in Greece kept upward pressure on its bond yields, with its 10-year government bond yield two basis points higher at 4.30 percent on Monday.

Prime Minister Alexis Tsipras on Sunday said he would call a confidence vote in his government after his coalition ally quit, depriving him of a parliamentary majority and raising the possibility of a snap election.

Greece is expected to bring a new syndication to market soon but further political uncertainty and any rise in yields may skewer its chances of a new deal in the short term.

[Reuters]