Financial Times
November 9, 2010
Greece was forced to pay high yields to borrow from the markets on Tuesday amid signs that the eurozone debt crisis is intensifying.
Athens sold €390m ($543m) of six-month debt but had to pay more than a quarter of a percentage point more in yield to raise the money because of worries about the eurozone.
Greece sold the six-month bills at a yield of 4.82 per cent, up from 4.54 per cent in the previous sale on October 12.
Gary Jenkins, head of fixed income at Evolution, said: “There is so much uncertainty in the markets now. It may be difficult for countries that want to borrow in the markets.”
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