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Greek Bond Yields Dip

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Greek bond yields dipped today, while the nation awaits a a third bailout that amounts to 86 billion euros.

Two-year yields held 43 basis points lower at 20.69%, while 10-year yields were 12 basis points less, amounting to 11.77%.

Rabobank strategist Lyn Graham-Taylor described, "There's lots of positive noises coming from the Greek talks but generally most of the good news is now priced into the market."

Bailout negotiations restarted on July 20th, while a top Greek financial delegate stated to Reuters, that the goal was for eurozone finance ministers to asses the proposal this Friday, August 14th.

(Source: Reuters)