Greece is reportedly raising €3B ($4.15B).

In five-year bonds in the country's first auction of long-term paper since it was initially bailed out in 2010. Demand was for €20B ($27.7B) of notes, helping to push the yield down to just 4.95% from an initial pricing of 5-5.25%. The bond sale comes two years after Greece defaulted and suffered the biggest sovereign-debt restructuring in history.

The country remains mired in deflation. CPI fell 1.3% on year in March after dropping 1.1% in February, with consensus -1.1%. Unemployment declined to 26.7% in January from 27.2% in December.