Greek yields fall on €10.3bn ‘agreement of convenience’ deal

Greece’s government bonds advanced, pushing the cost of borrowing, or the yield, for the Greek state for 10 years below 7% for the first time since November, after its creditors agreed to release aid and committed to ease the nation’s debt.

The yield on Greek notes maturing in July 2017 also slid to a six-month low, while shares rose.

The country won the disbursement of €10.3 billion euros of aid at a meeting of eurozone finance ministers in Brussels that concluded in the small hours yesterday morning.