Jul 01 2011

Greece: Next Tranche of Aid expected to be approved tomorrow

Posted by Admin in Financial Consulting

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).

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