4/21/2010

With discussions of a rescue for Greece about to begin in earnest, yields demanded by the bond market on Greece's sovereign debt climbed to record highs. The interest rate on Greece's 10-year bond increased 36.2 basis points, reaching an all-time high of 7.84%. George Papaconstantinou, Greece's finance minister, said he is confident the country would be able to borrow again next month, "either from the markets or from our [eurozone] partners."

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