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Greek 10-year bond yields hit new record low | business



Greek government bond yields fell to new low interest rates on Wednesday as prices rose further due to strong buying rates for Greek securities.

The 10-year bond yield fell to 1.57 per cent. From 1.61 per cent. On Tuesday, with the five-year bond yields falling to 0.941 per cent respectively. from 0.951 point

Traders said that market sentiment was encouraged by comments from IMF leader Christine Lagarde in the European Parliament.

Lagarde, who will replace Mario Draghi as president of the European Central Bank, said that a primary profit target of 3.5 per cent. Set for Greece should be carefully considered, describe it as "excessive" and said it put too much pressure on the recovery of the Greek economy.

[ANA-MPA]


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