After announcing that its national debt has reached 300 billion euros (US$442 billion) – and after having its credit rating downgraded earlier this week – bond yields for two-year government bonds jumped from 1.9 percent to 3.09 percent. 10-year bond yields rose to 5.3 percent from 4.99 percent as investors continue to shun Greek bonds over fears the country will default on its debt obligations.
Credit Worries Force Greek Bond Yields Higher
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