December 10, 2009 / 11:08 AM / 8 years ago

Greek/German 10-year yield spread narrows to 239 bps

 LONDON, Dec 10 (Reuters) - The premium investors demand to
hold Greek government bonds rather than euro zone benchmark
German Bunds fell on Thursday after comments from European
Central Bank officials and billionaire financier George Soros.
 Soros told Sky News television he was sure the Greek
government would not be allowed to default on its debts despite
growing budgetary difficulties and market concerns. 
 His comments came after ECB Governing Council member Ewald
Nowotny said worries about Greece's finances will not split the
euro zone and Governing Council member Yves Mersch said he felt
confident the Greek authorities were aware of the gravity of the
situation and would put in place necessary measures.
 The 10-year Greek/German government bond yield spread
GR10YT=RREU10YT=RR tightened to 239 basis points, after
earlier blowing out to 267 basis points -- the widest since
April.
 Other euro zone peripheral spreads over Bunds were also off
their widest levels reached earlier in the session.
 (Reporting by Ian Chua)

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