8 May 2015
Greek bond yields fall ahead of Eurogroup meeting
FXStreet (Mumbai) - The yields on the Greek government bonds fell even though the country’s government refused to negotiate labor and pension plans with its international creditors.
Greece’s decision to stick to its electoral promises puts any possibility of the country, reaching a deal on Monday at rest. Still, the Greek 10-year yield fell 6 basis points to 10.798%. Meanwhile, the German 10-year Bund yield fell to a low of 0.526%, before recovering to trade at 0.587%; down one basis points for the day.
The German debt suffered a rout in the last eight trading sessions, thereby pushing the 10-year yield to a high of 0.796%, from the record low of 0.049%. The German yields could fall, while the Greek debt yield could rise ahead of the Eurogroup meeting on Monday.
Greece’s decision to stick to its electoral promises puts any possibility of the country, reaching a deal on Monday at rest. Still, the Greek 10-year yield fell 6 basis points to 10.798%. Meanwhile, the German 10-year Bund yield fell to a low of 0.526%, before recovering to trade at 0.587%; down one basis points for the day.
The German debt suffered a rout in the last eight trading sessions, thereby pushing the 10-year yield to a high of 0.796%, from the record low of 0.049%. The German yields could fall, while the Greek debt yield could rise ahead of the Eurogroup meeting on Monday.