Greek Yields Would Drop to 1% After Debt Deal, Varoufakis Says
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Greece’s borrowing costs would plunge to those of other euro area nations if it can agree with international creditors over growth and its debt sustainability, Finance Minister Yanis Varoufakis said.
Greece’s benchmark 10-year bonds yielded 8.86 percent, down from as high as 11.4 percent on Feb. 2, a week after Greek Prime Minister Alexis Tsipras’s election. That level is “probably” the right price for Greek risk, Varoufakis said in an interview with Bloomberg Television in Athens.