Firsts Home

Fixed Income Sovereign and corporate debt, credit, and ratings
Greek yields plunge on Prime Minister interview 12.10.2009 Reuters interview with Greek Prime Minister Papandreou on Friday, Dec. 10, calmed market nerves that the euro zone country would default on its debt. Papandreou insisted that he would deal with Greece’s debt problems and that he wanted no gifts from the European Union, even though Germany and France were offering grudging support, sent yields on Greek two-year bonds to 2.88 percent from 3.52 percent — a huge move for the paper most sensitive to a default scenario because of its short maturity. Bloomberg was racing to catch up with Reuters. MARKET IMPACT Yields on Greek two-year bonds moved to 2.88 percent from 3.52 percent Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Fixed Income

Sovereign and corporate debt, credit, and ratings

Greek yields plunge on Prime Minister interview

12.10.2009

Reuters interview with Greek Prime Minister Papandreou on Friday, Dec. 10, calmed market nerves that the euro zone country would default on its debt. Papandreou insisted that he would deal with Greece’s debt problems and that he wanted no gifts from the European Union, even though Germany and France were offering grudging support, sent yields on Greek two-year bonds to 2.88 percent from 3.52 percent — a huge move for the paper most sensitive to a default scenario because of its short maturity. Bloomberg was racing to catch up with Reuters.