U.S. Two-Year Yield Surpasses Greece in Crisis Watershed
Tourists take photographs in front of the Parthenon temple during a visit at the Acropolis archaeological site in Athens.
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
Greek notes are just as safe as U.S. obligations -- at least according to the bond market. Two-year Treasuries now yield more than those from the Mediterranean nation. Greece’s market rehabilitation and speculation it’s poised to relinquish its aid program are causing borrowing costs to fall just as rising U.S. growth and inflation expectations push up short-term Treasury yields.