Business News

Yield on Slovenian Bonds Drops to 5.24%

Ljubljana, 19 December (STA) - The yield on Slovenian ten-year bonds fell to 5.24% in afternoon trading on Wednesday, down 0.32 percentage points over Tuesday's closing value, according to data from electronic exchange MTS.

Financial markets across Europe rallied today as rating agency Standards & Poor's upgraded Greece's long-term debt up six notches to B-, while further optimism has been fuelled by expectation of an imminent agreement in US negotiations on the fiscal cliff.

Meanwhile in Slovenia, the Constitutional Court has banned referendums on the legislation setting up a bad bank and a sovereign holding, easing concerns that the country might be forced to seek an international bailout.

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