Greek Two-Year Yield Climbs to Record 100% Amid Default Concern
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Greek two-year note yields climbed to more than 100 percent for the first time amid concern the nation may default on its outstanding government debt.
The yield on the 4 percent security maturing in August 2013 rose 516 basis points, or 5.16 percentage points, to 101.84 percent at 8:36 a.m. London time, the most since Bloomberg began compiling the data in 1998. The price fell 1.40, or 14.0 euros per 1,000-euro ($1,371) to 31.2 percent of face value.