(Bloomberg) — The yield on the nation’s 5-year note extends its recent drop to touch its lowest level in more than five months amid ongoing speculation over new bond issuance.
5y yield drops as much as 5bps to touch 2.98%; it is down a seventh day, its longest streak in more than a month
Greek bonds gain amid pressure in peripheral countries; Italian bonds fall and Bunds are stable with futures running below 50% of the 10-day average
Following a survival over a confidence vote last week, PM Alexis Tsipras looks to pass some key measures he’s promised to voters until this year’s upcoming elections, including a higher minimum wage, protections for homeowners, constitutional changes and a return to financial markets through the issue of a new five-year bond
Bond rally fails to spill over to equities; concerns over Greek debtors’ exposure keep weighing on banks stocks’ performance
FTSE/Athens Banks Index slips 1.3%; it closed Thursday at a near two-year low