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Friday, July 01, 2011

Greece: Next Tranche of Aid expected to be approved tomorrow

by Calculated Risk on 7/01/2011 08:31:00 AM

From the WSJ: Eurogroup to Approve Greek Aid on Saturday. The WSJ reports the euro zone Finance ministers will hold a conference call tomorrow and are expected to approve the disbursement of the next tranche of aid (€12 billion). They are also expected to discuss the next bailout.

The yield for Greek 2 year bonds is down to 26.4%, and the 10 year yield is down to 16.3%. Portuguese and Irish 10 year yields are down too (11.6% for Ireland, 10.8% for Portugal).