Greek 10-year spreads hit another record high amid volatility and just ease off their new record, exceeding benchmarch German bond rates by 10 percentage points for the first time.
Monday’s record occurred on the eve of a euro1.5 billion ($1.96 billion) auction of 6-month treasury bills, considered an important test of market sentiment.
Greece has said it wants to return to bond markets this year, but the interest gap, or spread, on 10-year bonds compared with the German issue reached a worrying 1,001.1 basis points amid renewed worries about some EU nations’ struggle to handle debt loads.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
