Greek Snap Elections Send Bond Yields to Record Low Levels

Governing party lost EU vote by wider-than-expected margin
Greeks will head to national polls on June 30 or in early July

Populist Attack on EU Falls Short Despite Gains in France, Italy

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By Eleni Chrepa and Sotiris Nikas

May 26, 2019 at 9:20 PM UTC

Updated on

May 27, 2019 at 8:57 AM UTC

This article is for subscribers only.

Greece is headed for a snap election after Prime Minister Alexis Tsipras suffered a crushing defeat in European Parliament elections, a move applauded by investors early Monday with yields on 10-year bonds falling to the lowest level since Bloomberg began compiling data.

The vote could come as early as June 30, after the 44-year-old leftist leader admitted the outcome left him little choice. His main opposition, New Democracy, scored about 10 percentage points more than the premier’s own Syriza party.