Greek yields fall as next aid disbursement seen likely

LONDON, July 8 Mon Jul 8, 2013 4:07am EDT

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LONDON, July 8 (Reuters) - Ten-year Greek government bond yields fell on Monday as the country looked closer to securing its next aid tranche.

Greece is likely to reach a deal with foreign lenders on its latest bailout review before a meeting of euro zone finance ministers on Monday to decide on further aid, EU and Greek officials said on Sunday. nL6N0FD0PB

Ten-year Greek yields fell 20 basis points to 11.20 percent, outperforming other lower-rated bonds which were buoyed by the European Central Bank's commitment to an accommodative monetary stance last week.

"It looks like they have been given a permission, an 'all clear'. If that is the case Greece does have a fair amount to catch up ... any hint of an agreement is going to be very positive," one trader said.

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