Fixed Income

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Greece buys back 2.3 billion euros of short-term bonds- Reuters exclusive

Greece buys back 2.3 billion euros of short-term bonds- Reuters exclusive

Reuters was alone with news that debt-ridden Greece had bought back 2.3 billion euros of short-term bonds this year. Greek yield spreads tightened more than 35 basis points from record-wide levels after the Reuters story was published and a leftist political party asked the finance minister to make an official explanation in parliament. Athens correspondents tapped government sources to provide the scoop, which was cited by Greek media including state NET TV, as well as the FT’s Alphaville and the Irish Independent.

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