ECONOMY

Greek bond yields hit one-month low as PM expected to survive confidence vote

greek-bond-yields-hit-one-month-low-as-pm-expected-to-survive-confidence-vote

Greek government bond yields dropped across the curve on Tuesday morning, as expectations grew that the country’s leftist Prime Minister Alexis Tsipras would survive a parliamentary vote of confidence.

Greece’s 10-year bond yield dropped to a one-month low of 4.267 pct on Tuesday, down 2 bps on the day, while five-year yields were down 3 bps to 3.21 pct. [Reuters]