Greece's bond market comeback pushes borrowing costs to 7-year low

Greece's government borrowing costs held near their lowest level since 2010 on Tuesday as the country sought to end a three-year exile from financial markets.

Some five years since European Central Bank Mario Draghi's pledge to do "whatever it takes" to preserve the euro, the debt sale by the bloc's weakest economy is the clearest sign yet of the eurozone's recovery from a crippling debt crisis.

Greece will later on Tuesday sell a new five-year bond and conclude an offer to switch or tender old bonds maturing in 2019. Thomson Reuters' IFR reported on Tuesday it is aiming to sell the new debt at around 4.875 percent.

The yield - which moves inversely to prices - on the outstanding debt fell sharply to its lowest since issue in 2014 when the deal was announced on Monday. Investors snapped up the bonds in anticipation of being offered lucrative terms to...