Greek Bonds Rise With Yields at 2016 Low on Debt-Talks Optimism

Greece’s government bonds and stocks rallied amid optimism that euro-area finance chiefs just took a major step forward in their quest to unlock aid for the nation.

Yields on 10-year bonds dropped to the lowest this year, while the benchmark ASE Index led gains among equities across the continent. Euro-region finance ministers meeting in Brussels on Monday outlined plans to seek International Monetary Fund backing for an accord on Greek debt relief, and will reconvene in two weeks to finalize the negotiations. Dutch Finance Minister Jeroen Dijsselbloem said a deal between Greece and its creditors was possible within weeks.