Greek Bonds Hit New Record

December 30th, 2010
in Background

EU Business:  Greek 10-year bonds on Thursday rose to a record high of 12.553 percent, breaking the previous record set earlier this year during its bailout by the European Union and International Monetary Fund.

Follow up:

In thin trading the yield, or return to investors, on Greek 10-year bonds rose from Wednesday's close of 12.489 percent to hit an intra-session high of 12.553 percent. It later dropped to 12.504 percent.

The records of 12.465 percent intra-session and 12.449 percent close were set in May, when the country secured a 110-billion-euro (150-billion-dollar) EU-IMF bailout.  Read more.....

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