Back
11 May 2015
Greek bond yields rise ahead of IMF repayment
FXStreet (Mumbai) - The yields on the Greek government bonds shot up as markets are worried Greece may not be able to honor the EUR 770 million payment to IMF due tomorrow.
Currently, the 10-year yield trades 8.4 basis points higher at 10.881%, while the 15-year yield rose 7.4 basis points to 9.826%. Overall, the yield curve remains inverted with the 2-year and 5-year yield trading at 2.3 and 3.0 basis points respectively.
The Eurogroup meeting due today was never expected to conclude with a concrete deal between Greece and its international creditors. However, the markets are worried about a potential default by Greece tomorrow. Still, the market is taking it lightly, which is evident from the uptick in the safe haven German bonds.
Currently, the 10-year yield trades 8.4 basis points higher at 10.881%, while the 15-year yield rose 7.4 basis points to 9.826%. Overall, the yield curve remains inverted with the 2-year and 5-year yield trading at 2.3 and 3.0 basis points respectively.
The Eurogroup meeting due today was never expected to conclude with a concrete deal between Greece and its international creditors. However, the markets are worried about a potential default by Greece tomorrow. Still, the market is taking it lightly, which is evident from the uptick in the safe haven German bonds.