Greek Bonds Drop to Six-Month Low Before Confidence Vote

Greek bonds declined, pushing 30-year yields to the highest in more than six months, as Prime Minister Antonis Samaras prepared for a confidence vote this week intended to head off opposition attempts to force an election.

Greece’s bonds were the euro-region’s worst performing government securities last month after Samaras said the country may seek to become self-financing and forgo some financial aid from the International Monetary Fund. Its troika of creditors -- the IMF, the European Commission and the European Central Bank - - insists that some form of credible external backstop is needed, according to two officials with knowledge of the discussions with the government.