December 14, 2016 / 3:07 PM / 8 months ago

Greek bond yields hit one-month highs after ESM puts debt relief on hold

LONDON, Dec 14 (Reuters) - Greek government borrowing costs rose to one-month highs on Wednesday after the euro zone's bailout fund said it had put short-term debt relief measures for the country on hold.

The European Stability Mechanism said proposals by the Greek government to make a one-off payout to pensioners in December had been the reason for the suspension of measures designed to reduce the amount of the country's public debt.

Greek 10-year government bond yields rose 45 basis points to a one-month high of 7.30 percent, while five-year yields rose 40 bps to 8.19 percent, also a one-month high, according to Tradeweb data.

Reporting by John Geddie; Editing by Jamie McGeever

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