Greece's bonds rise as bailout seen secure after Syriza's win

Athens

GREECE'S two-year government bonds advanced after the nation voted Alexis Tsipras and his Coalition of the Radical Left, or Syriza, into power for the second time in eight months.

The nation's 10-year bonds climbed for the past four weeks, with yields falling to a 2015 low on Sept 18, amid speculation that the outcome of the election would not derail Greece's international bailout. They were little changed on Monday. That's in a contrast to the previous vote in January, which prompted a selloff in the securities after it first brought the anti-austerity Syriza party to power.

Syriza, which took 35.5 per cent of the vote according to an official projection by the Interior Ministry based on more than half of votes counted, will enter a coalition with the same small party that helped it rule before. Mr Tsipras had stepped down on Aug 20, seeking a fr…