Greek Borrowing Costs Continue To Surge After Syriza Win

The yields on Greek government bonds continued higher on Tuesday, building on sharp rises from Monday when investors shunned Greek assets after radical, far-left Syriza won the country's general election. On Tuesday, the yield on 10-year government paper jumped 55 basis points, to 9.548%, the highest level in a week, according to electronic trading platform Tradeweb. On 5-year paper, borrowing costs surged 1.478 percentage points to 11.604%. Greece's benchmark stock index, the Athex Composite , slid 3.2% to 787.33, adding to a 3.2% loss from Monday. The weakness in Greek assets comes as investors fear Syriza will put Greece's eurozone membership at risk when itstarts to renegotiate the country's bailout terms with its international lenders.