Greece Sells Bills at Almost 5% as Bailout Talk Lifts Bonds
This article is for subscribers only.
Greece paid almost 5 percent to borrow for six months as European policy makers’ talk of an additional aid package to avoid a debt restructuring drove its bonds higher.
Greece sold 26-week bills today to yield 4.88 percent, 168 basis points more than Germany paid last month to borrow for 10 years. The rate was higher than the 4.8 percent at the previous auction on April 12.