Greek bond yields fall after S&P raised Greece’s rating to B-
Greek 10-year benchmark bond yields fell on Monday in the aftermath of a surprise decision by Standard & Poor’s to raise the country’s credit rating by one notch to B- on Friday, citing the country’s compliance with the terms of a third economic adjustment programme.
The credit rating agency expects that a compromise will be reached in the next months on completing the first review of the programme, paving the way for inclusion of Greek bonds in an ECB bond-buying programme. It could also pave the way for a discussion with the country’s creditors over a restructuring of Greek public debt.
The 10-year benchmark bond yield fell to 9.44 pct in early trade, after reaching 10 pct last week. The two-year bond yield fell to 13.48 pct and the five-year bond yield eased to 11.12 pct.
You may be interested
Biden Deputy Chief of Staff pushed “mandatory” firearm buybacksPanos - Nov 23, 2020
Jennifer O’Malley Dillon, would-be White House Deputy Chief of Staff for a Biden administration, managed Robert ‘Beto’ O’Rourke’s 2020 campaign and pushed…
The Greek island with the 235 Churches you must visit (drone video)Panos - Nov 23, 2020
Greece has been blessed to be sprinkled with hundreds of islands around its shores, with each offering visitors something unique.…
“Onisilos-Gedeon” Joint Exercise in Cyprus ends with great success (photos)Panos - Nov 23, 2020
This week, after being put on hold for a year due to the COVID-19 pandemic, the “Onisilos Gedeon” exercise was held with…