Tue, 09 Jul 2013 14:29:04 GMT
Greek bonds rise as aid to the country is approved
Greece will receive 3 billion euros of financial aid, European authorities confirmed. The aid is intended to prevent another debt crisis in the country. Greece will received 2.5 billion euros in July, while the rest in October, if the government manages to cut spending and implement required reforms. Yields on 10-year Greek government bonds decreased 31 basis points to 10.6%.