Greek government bond yields are at the highest levels since the country joined the eurozone 12 years ago, with the yield on 10-year bonds climbing 42 basis points to 8.28 per cent as concerns mount over a bail-out package from the International Monetary Fund and whether a debt restructuring can be avoided, reports FT.
Portugal's 10-year government bond yields hit highs of 4.82 per cent, a climb of 21bp. Portugal’s 10-year government bonds previously peaked at 4.77 per cent in February.
Credit default swap spreads continued to widen on Greek debt. The five-year CDS reaced an all-time high of 475bp.
Portugal spreads widened 16bp to 215bp
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