Bond

ECB talks tough on state bonds

 Finance minister says there is little risk of a bank run, but political uncertainty may harm recovery

Senior European Central Bank officials said on Friday that the lender will not be buying any Greek bonds this month as part of its expected bond acquisition program and will definitely not have Greece?s debt to Frankfurt restructured, as poll-leading party SYRIZA has championed.

Foreigners buy bulk of Cyprus bond issue

Foreign investors bid for more than three times the amount of retail bonds offered by Cyprus in December and bought the vast majority of six-year issue, the Finance Ministry said on Tuesday.

Cyprus accepted bids for bonds worth 36.65 million euros from 49 investors after an initial offer of 10 million euros worth of bonds, financial authorities said.

Greece’s three-year yield drops 21 bps to 10.63 pct

Greece’s government bonds rose on Wednesday before the first of as many as three presidential votes.

Greece’s three-year yield dropped 21 basis points to 10.63 percent after jumping 57 basis points on Tuesday.

The rate reached 11.13 percent last Friday, the most since the securities were sold via banks in July.

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