Yields on Greek debt soar after ‘no’ vote
Measures of Greek debt risk from government bonds to corporate notes surged after voters rejected bailout terms demanded by international creditors.
The government’s two-year notes fell to the lowest since they were sold via banks last July, to 54 percent, with the sovereign yield curve indicating the highest risk of a default since the country restructured debt in 2012.
Greek corporate bonds dropped to all-time lows as broader risk measures rose.
[Bloomberg]
