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Hellenic Bonds Continue to Fall

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Greek government bonds decreased for a third day, resulting in 10-year yields to reach their largest level in the last six weeks.

Hellenic 10-year yields grew 10 basis points at 0.1%, resulting at 6.17% at 10:57 a.m. London local time. ING Group NV Senior Rating Strategist Alessandro Giansant commented, "There is concern about whether they will continue to adhere to strict fiscal policy and go on with the required reforms", according to Bloomberg.

The financial expert added, "We have to be reminded also that Greek bonds have been the best performers this year, so there is some taking of profit involved and you know they are not very liquid. So when you have some decent selling it's very easy to have quite an important impact on the price."