Greek Bonds Advance After European Leaders Back Rescue Plan

Spreads between Greek bonds and German bunds tightened, as a relief reaction that a deal has been reached among EU nations.

Greek Bonds Advance After European Leaders Back Rescue Plan – BusinessWeek: “Greek bonds rose, with the two-year yield headed for its biggest weekly drop since March 5, after European Union leaders backed a framework to rescue the nation should it be unable to narrow the bloc’s biggest budget deficit.”

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