Greek 10y bonds fall below 7%
Markets reacted positively to the news of Tuesday’s Eurogroup agreement on Greece, as 10-year Greek bonds fell below 7%, while the 2-year bonds dropped to 6.77%. Despite the ambiguity of the Eurogroup statement on Greece, especially regarding the debt relief, markets welomed the news of the deal. According to some sources, the deal might pave the way for the ECB to reinstate a waiver on Greek bonds.
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