Greece's borrowing costs fall after inclusion in ECB's package

Greek borrowing costs fell sharply on Thursday following the European Central Bank's (ECB) decision to include Greek government bonds in an emergency assets purchases program.

The ECB triggered new bond purchases worth 750 billion euros ($816.90 billion) at an emergency meeting late on Wednesday to stop a pandemic-induced financial rout from shredding the euro zone's economy.

The ECB's purchases will include Greek government bonds for the first time. They had previously been excluded because of the country's non-investment grade credit rating.

Greek 10-year yields, which had shot up nearly 300 bps over the last two weeks, were the clear outperformers in the euro zone government bond market, tumbling nearly 180 bps to 2.13 percent, and set for their best day since July 2015.

Greece's finance minister said the decision made about 12 billion euros in Greek...

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