Greek Optimism Shines Anew in Shift in Bond Yield Curve: Chart

(Bloomberg) -- Greek markets are rallying after the government and international creditors resolved an impasse over the nation's bailout program. Two-year bond yields have dropped below those on 10-year notes for the first time since January, a sign of investor confidence about the nation's ability to repay its debts. Yields may continue to fall in coming months, according to David Schnautz, an interest-rate strategist at Commerzbank AG in London, which “could, in turn, provide an opportunity for the Greek debt agency to place a new bond after the slow summer season.”

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