Markets

Greek 2-year yield indicated at 48pc, up 13 percentage points

Published July 6, 2015 Updated July 6, 2015 11:00am

1 min

By Shoaib Ur Rehman

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LONDON: Dealers indicated a 13 percentage point surge in Greece's 2-year government bond yield on Monday, although bonds haven't traded since the Greek markets regulator requested their suspension last week following the country's default on an IMF loan.

The two-year yield was indicated at 48 percent, the highest since the bond was issued in July 2014, after Greeks rejected EU-prescribed austerity measures in a referendum on Sunday.

Ten-year yields were indicated 2.50 percentage points higher at 17.37 percent.

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