The Greek 10-year bond yields closed at the 4.6% mark, as pressure continued with increased sell-off orders in the secondary markets.
The negative news comes on the heels of the Greek government’s promises for provisions ahead of the Thessaloniki Trade Fair (TIF) next week and a sluggish 2nd quarter GDP growth rate. The situation is compounded by the turmoils caused due to political uncertainty in Italy and the volatility in the emerging markets with capital withdrawal.

In an interview to Greek daily Kathimerini published today, ECB executive and European Central Bank Governing Council member Benoit Coeure warned that relations with investors and the markets will be no easier for Athens than those with the country’s creditors.