Greek state bond yield drop to 8-year low

Wednesday, 06 December 2017 21:08
FOSPHOTOS /Panayiotis Tzamaros
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The yield for a 10-year Greek benchmark bond fell to 4.8 percent on Wednesday, a new eight-year low. The last time such a bond was under 5 percent was in 2009.

The development follows a staff-level agreement agreed to between the Greek government and creditors over the weekend, as well as recent data showing that an economic recovery in the country is continuing, albeit at slower rates than forecast.

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