Greek state bond yields fall to new eight-year lows after staff level agreement


Greek state bond yields fell to new eight-year lows on Wednesday as a staff level agreement reached between Greek authorities and its creditors combined with positive data on GDP growth boosted sentiment in the Greek bond market.

The 10-year benchmark bond yield fell to eight-year lows at 4.8 pct. The 10-year bond yield was above 18 pct in July 2015. Analysts said that a decline in bond yields could encourage Greece to proceed with a new bond issue in capital markets.

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