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Greek 10-Year Yield Rises to Record High on Speculation Bailout May Fail
Greek bonds slumped for an eighth day, pushing the 10-year yield up to a euro-era record amid concern Finland’s demands for collateral on loans to the nation jeopardizes a second bailout package and may trigger a default. German 10-year bonds fell for a third day as Asian stocks rose after U.S. reports on durable goods orders and home prices beat economists’ forecasts, easing speculation the world’s biggest economy is slowing. The spread between Greek and German 10-year yields widened to 1,624 basis points, also the most since the euro was introduced, as Europe’s leaders debated a deal secured by Finland to ... (full story)
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mima
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