MW:Peripheral euro-zone bonds boosted by Greek vote
By William L. Watts
FRANKFURT (MarketWatch) -- Government bond prices rose across the periphery of the 17-nation euro zone, bringing down yields on Monday as investors applauded the Greek parliament's approval of new austerity measures that are expected to clear the way for a second bailout that will allow the country to avoid a March default. The yield on 10-year Italian government bonds IT:10YR_ITA -2.10% fell 0.08 percentage point to 5.53%, according to electronic trading platform Tradeweb. Portugal's 10-year yield, which had peaked above 17% in late January, continued to decline, falling another 0.35 percentage point to 12.26%, while Spain's 10-year yield ES:10YR_ESP -1.50% dropped 0.06 percentage point to 5.27%. Yields fall as bond prices rise.
