Greece's Bonds Set to Extend Advance as Syriza Wins Election
- Syriza takes power with 35.5% of vote, to form coalition
- Greek 10-year bond yield dropped to 2015 low last week
Syriza Returns with Stronger-Than-Expected Mandate
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Greece’s two-year government bonds advanced after the nation voted Alexis Tsipras and his Coalition of the Radical Left, or Syriza, into power for the second time in eight months.
The nation’s 10-year bonds climbed for the past four weeks, with yields falling to a 2015 low on Sept. 18, amid speculation that the outcome of the election would not derail Greece’s international bailout. They were little changed Monday. That’s in a contrast to the previous vote in January, which prompted a selloff in the securities after it first brought the anti-austerity Syriza party to power.