NEW YORK (AP) — Government bond prices fell Friday on hopes that Greece will get more help to avoid defaulting on its debt.
German Chancellor Angela Merkel softened that country's stance on giving more loans to Greece, relenting on an earlier insistence that private bondholders give concessions. Traders are hoping that a new package of financial support will prevent Greece from defaulting on its loans and causing another financial crisis.
Greek Prime Minister George Papandreou also named his main internal rival as finance minister as part of an effort to raise support to pass steep tax hikes and budget cuts.
That helped stabilize bond markets a day after yields on …
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