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Greek bond yields hit euro-era highs

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Greek bond yields hit euro-era highs Empty Greek bond yields hit euro-era highs

Post by hlk Thu 25 Aug 2011, 18:01

LONDON: Greek two-year government bond yields rose to their highest levels since the launch of the euro in 1999 as an escalating row over demands by Finland for collateral on Greek loans was seen complicating implementation of its rescue package.

Greek two-year yields rose around two full points on the day to 42% while five-year Greek credit default swaps jumped 106 bps to 2,200 bps. Greece’s share benchmark fell 2.7, hitting its lowest level in nearly 15 years. – Reuters
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