ATHENS (AP) — Greece’s prime minister said Wednesday that his bailout-reliant country will “very soon” be in a position to tap bond markets again, which would be Greece’s first test of investor sentiment since 2014.
Alexis Tsipras told his cabinet that this was a result of last week’s deal with European creditors, which eased fears Greece might face another brush with bankruptcy this summer.
That’s evident in the sharp fall in the interest rates the markets are ascribing to Greek government bonds. The yield on the benchmark 10-year stands at 5.5 percent, way down on the levels seen during the more acute phases of the Greek debt crisis.
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