Greece’s Yield Curve Inverts as Return to Bond Markets Unravels
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Greece’s access to capital markets, an emblem of the nation’s recovery from its sovereign debt crisis, is starting to unravel.
The price of Greek three-year notes, sold in July as part of the nation’s reintegration into bond markets, fell to a record today as political turmoil threatened to derail its recovery. The slump pushed yields on those securities above 10-year rates for the first time.