Borrowing costs of southern Europe edge up after Greek referendum

PARIS: Borrowing costs of southern European countries on Monday edged up slightly after Greek voters rejected further austerity measures in return for bailout funds in a weekend referendum.

Shortly after trading opened at 0600 GMT, the yield on the benchmark 10-year bonds for Spain rose to 2.349 percent, against 2.212 percent at close of trading on Friday, while Italy's inched up to 2.380 percent from 2.248 percent. Greece's yield rose to 14.800 percent against 14.630 percent.