Greek Yields Drop to 4-Year Low, Stocks Rally Amid Troika Talks
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Greece’s bonds jumped, sending yields to a four-year low, and stocks climbed on speculation the country will reach an agreement with international creditors to ensure its bank-recapitalization requirements are manageable.
Greece’s 30-year yields dropped below 7 percent for the first time since April 2010 as central bank Governor George Provopoulos met with officials from the European Commission, International Monetary Fund and European Central Bank in Athens. Stocks closed at the highest since July 2011 after Greek state natural gas company Depa SA and Russia’s OAO Gazprom reached an agreement on prices for gas supplied to Greece.