Yield

Greek bond yields keep increasing

Greek bond yields continued to rise Tuesday, increasing worries about the cost of borrowing the country will face once it has to cover all of its financing needs through the market. At the same time Finance Minister Euclid Tsakalotos is adamant that Greece will not need a precautionary credit line and is embarking on a series of contacts in an attempt to attract investor interest.

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.

Big demand for OPAP bond at public offering

Demand for OPAP bonds was more than twice the amount offered at last week's public offering, with the gaming company allocating 200,000 common bearer bonds of 1,000 euros each for a total of 200 million euros.

The total demand across the yield range from investors that participated in the offer was 421 million euros.

The final yield has been set at 3.50 percent.

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