Greece bond yields soar as deficit climbs above 10% of GDP

According to Eurostat, the European statistical agency, Greek debt to GDP was 10.5% at the end of 2010, ahead of previous estimates of 9.6%. Eurostat also had the UK's government deficit to GDP at 10.4%, the third highest in Europe behind Greece and Ireland, where the deficit to GDP came in at 32.4%. In response to the data, yields on Greek debt soared, with ten-year government bonds hitting a peak of 15.51%, up 0.44% on the day.