Greek yields slide after PM comments on inclusion in ECB QE
Greece's borrowing costs slid on Monday, after a cabinet reshuffle boosted sentiment and the country's prime minister raised the possibility that Greek bonds could be included in the ECB's bond-buying scheme early next year.
Two-year bonds yields touched a record low at 4.767 percent , according to Tradeweb data. Greece's 10-year bond yield fell 35 basis points to 7.635 percent, its lowest level in five months, while five-year yields were down almost 40 bps.
Greek Prime Minister Alexis Tsipras, who reshuffled his government on Friday, told his new cabinet on Sunday that a second bailout review will be concluded in time for debt relief talks to begin in December.
If a review can be completed, Tsipras said, Greece can eye its inclusion in the European Central Bank's quantitative easing - an asset- buying program from which it is excluded - within the first quarter...
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