Greek Pressure Builds as Bond Yields Climb to Highest Since 2012
Is Schaeuble Leaving Greece to Dangle in the Wind?
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Greece’s bonds tumbled, pushing 10-year yields to the highest in more than two years, as pressure mounted on the southern European nation to secure funding or risk a possible default.
The price of Greece’s three-year notes dropped the most since February and Greek corporate bonds also slumped. Credit-default swaps suggested there was a 79 percent chance of the country being unable to repay its debt in five years.