Greece ETF Tumbles as Bond Yields Surge
May 15, 2014 at 14:03 PM EDT
Shares of the Global X FTSE Greece 20 ETF (NYSEArca: GREK) are down 4.6% Thursday on news the country will not make a tax on foreign owners of Greek debt retroactive. Yields on Greek 10-year sovereign bonds surged 8% to highest levels in almost two months, according to Bloomberg data. Soaring Greek...