Default fears push Greek bond yields to new high

clock

Yields on Greek 10-year government bonds have rocketed to record levels as fears rise the nation could default on its debt repayments, the FT reports.

As the bonds were sold off, yields climbed 61.5bp to their highest ever level of 16.75%. The yield on the equivalent German note fell back to 3.12% as investors turned to Bunds as a safe haven. This week eurozone ministers met to discuss whether Athens should restructure its debt. The European Central Bank strongly opposed the move, with German chancellor Angela Merkel ruling out any immediate help for Greece. Other solutions suggested this week include Greece dropping the euro and return to the drachma, voiced by Hans-Werner Sinn, head of Germany's Ifo economic institute, the FT repo...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

UK employment falls to 13-year low despite positive services output

UK employment falls to 13-year low despite positive services output

BDO Employment index

Cristian Angeloni
clock 07 July 2025 • 1 min read
Trump returns to tariff threats as 9 July deadline approaches

Trump returns to tariff threats as 9 July deadline approaches

EU and BRICS at risk

Linus Uhlig
clock 07 July 2025 • 1 min read
Early Powell departure could be an 'unexpected gift' for EMs

Early Powell departure could be an 'unexpected gift' for EMs

Trump claims he will replace chair sooner

Eve Maddock-Jones
clock 01 July 2025 • 3 min read
Trustpilot