Yields of Greek government bonds fell sharply this morning, with the 10-year rate at its lowest since 2009, after the improvement of the country's rating by Moody's late Friday evening.
The Greek 5,424-year rate fell to 5,504% from 2009% at the close, reaching its lowest since December XNUMX.
Moody's raised its rating on Greece to 'Caa2' from 'Caa3' following the extension of the credit line by euro zone governments. The agency also raised the outlook to 'positive' from 'stable', citing early signs of the economy stabilising.
