Greek Bonds Show Sign of Hope Before Decision on Bailout Payment
- Nation’s 10-year bonds record best week since August
- There’s political will to keep Greece ‘on board’: SEB
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As Greece attempts to clear another hurdle on the road to passing the next bailout review, the bond market is already delivering a positive verdict.
The country’s 10-year sovereign bonds had their best week since August, pushing the yield on the securities to the lowest this year. More austerity is in the cards as the government drafts legislation on final actions needed to be passed before the next euro-area finance ministers’ meeting on May 24 to decide on the next bailout payment.