A spike in bond yields is bad news for the government
Greek officials are trying to persuade creditors in the euro area to convert funds originally earmarked for banks into a credit line to help the nation escape its bailout program, according to two people familiar with the matter.
It was two years ago that a potential Greek exit from the Eurozone became the market's prime concern. But fresh concerns emanating out of Greece could once again have dire implications for global markets, Larry McDonald warns.
European government-bond traders would be forgiven for thinking they’d stepped back in time to 2012.
Greece’s government bonds declined, pushing 10-year yields above 7 percent for the first time since March, after euro-area finance ministers clashed with the nation’s leaders over their desire to sever a bailout program.