Bloomberg News

Greek Two-Year Note Yield Tumbles the Most Since May 10, 2010

July 22, 2011

July 22 (Bloomberg) -- Greek two-year note yields tumbled the most since May 10, 2010, after European policy makers eased the terms of loans for cash-strapped nations and expanded aid for Greece.

The 10-year yield dropped 589 basis points to 27.92 percent as of 9:52 a.m. in London. The spread, or yield difference, over benchmark German bunds narrowed to the least in over two months.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net


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