LONDON (Reuters) - Eurozone stocks and peripheral bonds rallied on Wednesday, extending gains after a report that Greece was ready to accept most conditions from its international creditors in order to reach a deal over its debt crisis.
Greek Prime Minister Alexis Tsipras was prepared to accept creditors’ demands for a bailout with only a few minor changes, the Financial Times said.
The euro trimmed losses against the dollar to trade at $1.11535 EUR=, flat on the day, while against the British pound it turned higher to trade 0.4 percent higher on the day EURGBP=D4.
German 10-year yields DE10YT=TWEB rose 4.3 basis points to a day’s high of 0.82 percent while Spanish, Italian and Portuguese equivalents fell 6-8 bps to 2.22 percent ES10YT=TWEB, 2.25 percent IT10YT=TWEB and 2.90 percent PT10YT=TWEB, respectively.
(This version of the story corrects euro exchange rate to $1.11535)
Reporting by London Markets Team; Editing by Lionel Laurent