Wall Street Journal - Italian Bond Yields At Lowest Since September After Greek Deal

The bonds are yielding at their lowest which means that the prices rose. Low yield implies the risks associated with bonds have reduced. The article in Wall Street Journal unfolds the story. The relationship between bond price and yields, risks associated with bonds have been discussed in Level I. Regarding default risk, the case with Greece, has been discussed in detail in Level II Fixed Income.

Read the article: http://online.wsj.com/article/BT-CO-20120221-704723.html