Greece bond auction looks to have secured debt payback.

 Greece should be able to redeem €5B of T-bills owed to the ECB on Friday after raising €4.06B in a sale of bills, above the government's target of €3.125B. Primary dealers have until Thursday to submit non-competitive bids, which is likely to bring the total above €5B. The auction came after eurozone finance ministers yesterday granted Greece an extension of two years to meet its deficit-GDP targets, although the eurogroup and IMF are in open conflict about the timing of its debt-GDP targets.