Short-dated Greek bond yields jump to four-month high

15 December 2016
741 Views

Short-dated Greek government bond yields spiked to a four-month high on Thursday ahead of a parliamentary vote on a controversial bonus to poor pensioners that threatens to derail the country’s debt relief plans.

Eurozone lenders put a short-term debt relief deal for Greece on hold on Wednesday after the Athens government proposed a one-off payout to pensioners. The Greek parliament is due to vote on the payout later on Thursday.

Greek two-year bond yields rose over 150 basis points on Thursday to 8.65 percent, their highest since August.

Ten-year yields, which hit a one-month high on Wednesday, rose a further 25 bps to 7.61 percent, while five-year yields jumped 16 bps to 8.34 percent.

You may be interested

Coronavirus Greece: 2,845 new cases, 165 intubated, 12 deaths
GREECE
shares48 views
GREECE
shares48 views

Coronavirus Greece: 2,845 new cases, 165 intubated, 12 deaths

makis - Jul 30, 2021

Greek authorities announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,845, of which…

Coronavirus Greece: 2,696 new cases, 157 intubated, 9 deaths
GREECE
shares51 views
GREECE
shares51 views

Coronavirus Greece: 2,696 new cases, 157 intubated, 9 deaths

makis - Jul 29, 2021

Greek authorities announced today that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,696, of…

Greek real estate market still strong despite Covid-19 pandemic, report shows
FINANCE
shares54 views
FINANCE
shares54 views

Greek real estate market still strong despite Covid-19 pandemic, report shows

Panos - Jul 29, 2021

The Greek real estate market is demonstrating resilience in 2020 despite the fact that the pandemic had an overall negative impact on the…

Leave a Comment

Your email address will not be published.