Associated Press/CBS News
January 10, 2011
Greek bond yields have hit another record high, exceeding benchmarch German bond rates by 10 percentage points for the first time.
Monday's record occurred on the eve of a $1.96 billion auction of 6-month treasury bills, considered an important test of market sentiment.
Greece has said it wants to return to bond markets this year, but the interest gap, or spread, on 10-year bonds compared with the German issue reached a worrying 1,001.1 basis points amid renewed worries about some EU nations' struggle to handle debt loads.
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