Cyprus' 10-Year Bond Surpasses 5%
Yesterday, Cyprus' 10-year bond surpassed the secondary markets 5% figure, marking an upswing since its three-year low on June 12th.
Tuesday's bond yield gained 5.044%, in comparison to the 12th's 4.68% figure. It's yield was administered on June 18th with a 4.75% coupon; the 4.85% yield rose to 4.875%.
The nation's market return occurred one year and three months after it began its financial adjustment program by the ECB, IMF and European Commission. As reported by Fitch Rating Agency, Cyprus' return has been the fastest among any bailed out nation; Greece's market return took almost four years.
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