Greek yields rocket as sovereign prepares auction

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Greek yields rocket as sovereign prepares auction

Greece
An EU flag flies in front of ancient Parthenon temple, in Athens, on Wednesday, April 9, 2014. Greece announced Wednesday it was returning to international bond markets for the first time in four years amid growing signs of financial confidence in the country. (AP Photo/Petros Giannakouris) | Petros Giannakouris/AP/Press Association Images

Greece’s yields went spiralling into orbit on Tuesday ahead of an auction of the country’s short term debt on Wednesday, with the yield on its five year comeback syndication from earlier this year reaching its highest level yet.

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