PARIS--Greece's borrowing rate soared above the symbolic level of 10 percent on Wednesday, as investors shunned the bond over fears the country could leave the eurozone if an anti-austerity party wins a January 25 election.
Shortly after 1030 GMT, Greek 10-year bonds were fetching yields of 10.070 percent on the secondary market, up from 9.746 percent on Tuesday.
Short-term borrowing rates also rose slightly, with Greece paying 2.30 percent in new six-month bond issues on Wednesday compared to 2.15 percent in December.
The main stock market in Athens was also trading down over 2.0 percent on Wednesday.
Investors have been jittery over the snap polls called after Prime Minister Antonis Samaras's failed gambit to get a new president elected early.
The radical left party Syriza, which is leading opinion polls, has pledged to unwind many of the reforms imposed by the EU and IMF in exchange for multi-billion euro bailouts.
Instead, it has promised to cut taxes and increase state aid and public services.
AFP
