Bond investors in Europe “are more confident than not” that an agreement will be reached between Greece and its creditors to avoid a default, Standard & Poor’s said in a report on the bond market. The report, published by Financial Times on Tuesday, noted that Greek bond yields fell last week, with the Greek state bond index falling by 3.3 percentage points to 18.72%, compared to the previous week, despite the fact that a Eurogroup meeting in Riga was inconclusive. The two-year bond yield fell to 21.9% on Tuesday, after soaring to 29.661% on April 21 on heightened fears of a deadlock in negotiations to secure more funding for Greece. S&P said that Spanish and Italian bond indexes also fell during the week, reflecting a weakening of concerns over a possible spillover of a Greek crisis. (source: ana-mpa)
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