Greek Bonds Rise as Official Says Nation Close to Accord on Debt
Greek Assets: From Chumps to Champs
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Greece’s government bonds rose after the nation said it will start drafting an accord on Wednesday with international creditors to unlock much-needed bailout funds.
Yields on Greece’s two-year notes dropped the most in a week, even after international officials including European Commission Vice President Valdis Dombrovskis said a deal wasn’t imminent. A Greek official, who asked not to be identified, said an agreement that included changes to the nation’s pension system and a long-term solution on debt was close.