Things in the eurozone deteriorated further this morning as the yields on Greek government bonds soared on concerns that the country won't be able to sell the debt it needs to fund its massive deficits this year. Bloomberg reports:
The two-year note yield jumped 88 basis points to 4.60 percent as of 12:28 p.m. in London, the biggest increase for the security since it was issued almost two years ago. The 10-year bond yield advanced 27 basis points to 6.18 percent, with the premium investors demand to hold the debt instead of benchmark German bunds to 294 basis points, the most since March 16.
The two-year note yield jumped 88 basis points to 4.60 percent as of 12:28 p.m. in London, the biggest increase for the security since it was issued almost two years ago. The 10-year bond yield advanced 27 basis points to 6.18 percent, with the premium investors demand to hold the debt instead of benchmark German bunds to 294 basis points, the most since March 16.
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