Greek Bond Yields Fall, With Eye On Eurogroup Meeting About Greek Debt Woes
Yields on Greek debt fell Friday, while bond prices rose, as eurozone finance ministers were set to talk about Greece's mounting debt troubles. The yield on 2-year debt fell 1.1 percentage points to 23.63%, and the yield on 10-year bonds fell 83 basis points to 12.04%. Greece and its creditors have been unable to reach a deal on Greek economic reforms needed for Greece to receive its next tranche of bailout funds. The Eurogroup of eurozone finance ministers were gathering to meet in Riga, Latvia, but few people expect a final agreement to be reached.
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