Bond yields climb on fear Greece will miss QE

Greece has been effectively locked out of the secondary bond markets since January 31, as the yield on its bonds frequently rises above 8 percent - deemed the high-risk line - and the situation is not improving.

There was a fresh decline in bond prices on Wednesday as international traders are worried that Greek bonds will not be included in the European Central Bank's quantitative easing (QE) program as they follow a separate course to that of the other countries of the eurozone periphery, whose borrowing costs remain low.

The yield on the one-year bond maturing on July 17, 2017 came to 10.46 percent on Wednesday; that on the three-year paper which comes due on April 19, 2019 reached 9.77 percent; while the yield on the benchmark 10-year bond that matures on February 24, 2017 was 7.77 percent.

The Financial Times wrote on Wednesday that the mood in the bond...