Greek yields slide into the Eurogroup meeting

FXStreet (Mumbai) - The yields on the short duration and long duration Greek bonds fell sharply on Friday going into the Eurogroup meeting.

Losses across inverted yield curve

The ongoing crisis and increased speculation of a default has inverted the yield curve – short duration yields higher than long duration yields.

The 2-year yield fell 1.26 basis points to 24.376%, while the 5-year yield dropped to 17.153%. Meanwhile, the 10-year yield fell 12.6 basis points to 12.201%, while the 30-year yield fell 7 basis points to 9.176%.

The yields fell on signs of disappearing possibility of a Greek default. Moreover, markets expect Greece could be given a new deadline.