Greek Bonds Halt Slide as Banks Rally; Ireland Borrows for Free

Greece’s 10-year bonds halted a three-day drop as a rebound in bank stocks eased concern the newly elected government would lose control of the economy.

Three-year Greek notes pared an intraday decline and, as demand for haven assets ebbed, German bunds erased gains that had pushed yields to record lows. While Italy’s bonds fell, the nation sold debt with the lowest borrowing costs on record. Ireland auctioned six-month bills at a yield of zero.