Greek Bonds Advance With Stocks as Market Softens View of Syriza
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Greece’s bonds climbed, sending 10-year yields down by the most since October, amid easing concern that a victory for the anti-austerity Syriza party in this month’s elections would result in the nation leaving the euro region.
Three-year notes rose a third day and Greek stocks rallied after Syriza’s Alexis Tsipras said in a Jan. 10 interview with Real News that a government led by his party would repay debt due in March and keep Greece in the currency bloc. The latest polls put the opposition party ahead, but short of a level required for an absolute majority. Amid signs contagion from Greece is being contained, Portugal hired banks to sell 10- and 30-year bonds, according to a person familiar with the matter.