Expectations that the European Union will agree on a request to extend the repayment period for Greece’s loans from the EU and the IMF and an intervention by the European Central Bank in Eurozone state bond markets, helped push the Greek bond yield spread below the 800-level on Monday.
According to Bloomberg figures, the yield spread between the 10-year Greek and German benchmark bonds fell to 784 basis points in midday trade, for the first time since October 29, in the Greek electronic secondary bond market. The Greek bond was yielding 10.87% and the German Bund 3.02%.
(ANA)
