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German 10-Year Bunds Erase Decline; Greece to Hold New Elections

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May 15 (Bloomberg) -- German 10-year bunds erased a decline after a report said Greece will hold new elections.

The 10-year yield was little changed at 1.45 percent as of 2:12 p.m. London time.

The rate earlier rose as much as four basis points to 1.50 percent.

Independent Greeks leader Panos Kammenos, one of the Greek party leaders meeting with President Karolos Papoulias to form a government in Athens today, indicated that the talks had failed and new elections will be held.

Italian and Spanish 10-year bonds extended their decline.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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