Wed, 08 Feb 2012 10:07:27 GMT
German yields climb on Greek debt swap agreement optimism
Borrowing costs on German government notes surged, sending 10-year yields to 2-week record high as investors became more optimistic about soon resolution of Greek debt crisis. The yield on German 10-year bill soared 0.08 percentage points to 1.96%, while the borrowing costs for 2-year notes gained 4 basis points to 0.22%.