Press report sends Greek bond yields higher

Greek 10-year government bond yields edged 11 basis points higher to 6.1 percent on Tuesday, following a German press report saying Athens may opt out of its next bailout payment if creditors cannot strike a debt relief deal.

This could leave Greece without the cash to pay debts falling due in July, opening up the possibility of default. Athens dismissed the report.

The short-dated two-year bond yields were also up 11 bps to 5.89 percent.

[Reuters]