Greek Bonds Extend Selloff, Pushing Yield Up Most in Two Years
This article is for subscribers only.
Greece’s 10-year bonds fell for a third day, pushing the yield up by the most in more than two years, on concern the government’s plan to end its bailout early will leave the nation unable to raise funding.
The selloff spread today to other higher-yielding markets, with Italian rates climbing the most since June. The yield on Greek 10-year securities reached an eight-month high after Alternate Finance Minister Christos Staikouras yesterday reiterated the country’s intention to raise cash by selling seven-year notes. Greek stocks fell the most in almost two years. German 10- and 30-year yields tumbled to records amid concern the global economy is slowing.