Small rally for Greece but election woes linger

Greek yields fell on Thursday after the first round of a presidential vote in the country’s parliament, but SSA bankers warned that it was far from a sign that investors are expecting a win for the ruling coalition. The government’s candidate failed to win enough votes, meaning the opposition party Syriza — which wants to write off much of the country’s debt and rollback austerity measures — could win power in the New Year.