Nick Stamenkovic

Three-year yields hit highest since 2012 Greek debt restructuring

Greek bonds declined on Monday, pushing three-year yields to the highest since the nation?s debt restructuring in 2012, after the government issued a decree to force municipalities to transfer cash to the central bank.

The decision is another sign of the worsening situation as Greece remains embroiled in a standoff with creditors as pension and salary payments come due.