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Greek Bonds,Stocks Decline as New Government Takes Charge

Alexis Tsipras, Greece's prime minister, center, arrives at the prime minister's residence after being sworn into office in Athens, Greece, on Monday, Jan. 26, 2015. The Independent Greeks party will support Syriza in a vote of confidence in Parliament slated for Feb. 5, Independent Greeks Party Leader Panos Kammenos told reporters after meeting with Tsipras. — Alexis Tsipras, Greece's prime minister, center, arrives at the prime minister's residence after being sworn into office in Athens, Greece, on Monday, Jan. 26, 2015. The Independent Greeks party will support Syriza in a vote of confidence in Parliament slated for Feb. 5, Independent Greeks Party Leader Panos Kammenos told reporters after meeting with Tsipras.
Kostas Tsironis/Blooomberg *** Local Caption *** Alexis Tsipras

By

Inyoung Hwang and David Goodman

January 28, 2015, 9:27 AM UTCUpdated onJanuary 28, 2015, 6:11 PM UTC

Greek bonds and stocks slumped for a third day on concern the nation’s new government will backtrack on austerity. After markets closed, Standard & Poor’s added to the woes, saying it may cut Greece’s credit rating.

The yield on three-year notes jumped 270 basis points to