Greek Bonds Post Their Best Week Since July on Bailout Optimism
- Second review of aid program could be completed Dec. 5: EU
- Ten-year bond yields decline to the lowest since June
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Greek government bonds posted their biggest weekly advance since July amid optimism a review of the nation’s bailout program will soon be completed.
The yield on the nation’s 10-year bonds broke below the 8 percent mark this week and touched the lowest since June. A European Union official said that, if all went to plan, finance ministers could look at debt-relief measures at their Dec. 5 meeting and that the International Monetary Fund could get involved in the Greek bailout. Doubts about the sustainability of Greece’s debt load have kept it locked out of global bond markets for more than two years.