The yield on Greece's 10-year government bond rose to record levels as speculation rose that the euro zone nation would default on its debt repayments.
As the 10-year bonds were sold off, the yield climbed 61.5 basis points to 16.75 per cent, a new record, on Friday. The yield on the equivalent German note, meanwhile, eased to 3.12 per cent as Bunds were sought out as havens.
No comments:
Post a Comment