Greek bond yields are rising as a result of the mini-crash on the Milan stock exchange. More specifically, the 5-year bond recorded an increase of 4.41%. Meanwhile, the 10-year bond also rose by 17 base points, or 2.95%, which is the highest since last May.
The bond rises are seen as a result of the market’s reaction to Italian Deputy PM Matteo Salvini’s move to include many of his pre-election campaign financial promises in the Italian budget.