28 Apr 2015
Greek yields continue to drop, while German yields see moderate gains
FXStreet (Mumbai) - The Greek bond yields extended the drop on Tuesday on the increased possibility of the country reaching a deal with its international creditors after reshuffling its debt negotiations.
The Greek 10-year dropped 53 basis points to 11.53%, while the 30-year yield fell 30 basis points to 8.677%. Meanwhile, the German 10-year yield has ticked moderately higher to 0.165%. The falling possibility of a Greek default has helped Greek bonds rise.
Meanwhile, the safe haven German Bunds seems to have lost their appeal after Greek Prime Minister Tsipras reshuffled his debt negotiation plan. Markets cheered the fact that Greek finance minister Varoufakis was given a gentle push aside and that Tsakalotos, who has good relations with the EU, ECB and IMF shall spearhead the deal process. The next time European leaders meet to discuss Greece will be May 11.
The Greek 10-year dropped 53 basis points to 11.53%, while the 30-year yield fell 30 basis points to 8.677%. Meanwhile, the German 10-year yield has ticked moderately higher to 0.165%. The falling possibility of a Greek default has helped Greek bonds rise.
Meanwhile, the safe haven German Bunds seems to have lost their appeal after Greek Prime Minister Tsipras reshuffled his debt negotiation plan. Markets cheered the fact that Greek finance minister Varoufakis was given a gentle push aside and that Tsakalotos, who has good relations with the EU, ECB and IMF shall spearhead the deal process. The next time European leaders meet to discuss Greece will be May 11.