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Slovenia's Bond Yield Below 5%

Ljubljana, 18 December (STA) - The yield on Slovenia's ten-year bonds due in 2024 keeps falling following the release of bank stress tests last week, sinking to below 5% for the first time since mid March.

Data from the MTS electronic exchange put the yield on Slovenian bonds at 4.99% at 1:20 PM CET, down 10 basis points on the opening value.

The spread on the German bunds, the eurozone benchmark, was at 316 basis points.

The fall is according to expectations after the results of stress tests at Slovenian banks showed that Slovenia will be able to bail out its banking system on its own.

The European Commission has approved state aid for five Slovenian banks just today, less than a week after the Slovenian government announced it would spend EUR 3.5bn to shore up the three leading banks and two small failed banks undergoing controlled liquidation.

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