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Bloomberg

Greek 2-Year Note Yield Climbs Above 50 Percent for First Time

September 05, 2011, 10:49 AM EDT

By Keith Jenkins

Sept. 5 (Bloomberg) -- Greek two-year notes extended a decline, pushing the yield on the securities above 50 percent for the first time.

The yield rose 298 basis points, or 2.98 percentage points, to 50.19 percent as of 3:26 p.m. in London.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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