Greek Notes Rise to 1-Month High on Willingness to End Deadlock
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Greece’s government bonds rose, pushing prices on two-year notes to the highest in more than a month, as the country resumed efforts to break a deadlock with creditors amid evidence that voters want the government to compromise.
The gains pushed down yields on the notes due in 2017 toward the lowest in a month. Prime Minister Alexis Tsipras said in an interview on Star TV late on Monday that voters could be asked to decide on whether to approve an agreement with creditors that may not be in line with his campaign pledge to end austerity, signaling a willingness to compromise.