Greek 10-year Yields Jump To Highest Level In 2014

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Greece's 10-year bond yields climbed closer to 9% on Thursday amid a wider selloff in Europe, with investors dumping anything perceived as risky assets. The 10-year yield for Greece jumped 110 basis points, or more than a percentage point, to 8.803%, according to electronic trading platform Tradeweb. That level is the highest since December last year. The surge in Greek borrowing costs came as European stock markets slid further into correction territory on the back of wider concerns over the region's economic growth. The Stoxx Europe 600 index slumped 2%, setting it on track for an eighth straight day in the red.

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