As Greek deal becomes less likely, bond yields in Cyprus increase

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Yields of the Eurozone area bonds are on the rise this week amid news broadcasters reporting that a deal between Greece and international creditors is looking less likely each day that the issue remains unresolved.

The seven-year bond in Cyprus is expiring in May 2022, which was issued this year in April at an average income of 4%, saw an increase to 3.84%, according to a document obtained from the Bank of Cyprus. Another Cyprus government bond expiring in November 2015 saw its yield increasing as well to 2.28% from 2.26 this week.