Greek Government 10 Year Debt Yield Rises Above 9%

The bond markets hammered Greek government debt this morning, raising the cost of borrowing for the eurozone nation above 9 per cent.The gap in yields between 10-year debt from Greece and Germany—the euro-zone’s most solid borrower—swinging out to a new record of 6.11 percentage points. That yield spread stood at 5.63 percentage points after Greece asked to activate the aid package Friday – timesonline