Greece Bonds Rally After Creditors Agree to Resume Talks
- Two-year yield set for biggest drop in more than seven months
- Investors say July deadline for debt redemption may be met
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Greek bonds rallied on optimism that talks to rescue the beleaguered nation may conclude sooner than investors were expecting.
The yield on the nation’s two-year notes was headed for the biggest drop since June after creditors agreed on Monday to resume talks in Athens over steps needed to continue a bailout of the nation, spurring speculation that the government would be able to meet its deadline for debt redemption by July. The government vowed to legislate reforms that will be implemented starting 2019 under the prerequisite that they are fiscally neutral, a Greek official said separately, speaking on condition of anonymity.