Greek bond yields surged on Tuesday, reflecting investor anxiety ahead of the upcoming general election. The yield on the benchmark 10-year Greek government bond climbed sharply, indicating increased borrowing costs for the country.

The rise in yields is attributed to growing uncertainty surrounding the election outcome and its potential impact on Greece’s fiscal policies. Investors are particularly concerned about the possibility of a new government reversing austerity measures and renegotiating the country’s debt obligations.

Heightened political risk has led to increased selling pressure on Greek bonds, pushing prices down and yields up. The market is closely monitoring political developments and awaiting clarity on the future direction of economic policy.

The increased bond yields could have implications for Greece’s ability to access funding in the international markets. Higher borrowing costs could further strain the country’s finances and hinder its economic recovery efforts.

Analysts suggest that the bond market volatility is likely to persist until the election results are known and the new government’s policy agenda is unveiled.