Greek 10-year bond breaks 4% threshold
The massive sell-off of European bonds in the South continued, with the Greek 10-year bonds “breaking the barrier” of 4%, as it now moves to 4.13%.
Similarly, the yield of the Greek 5-year bond rose to 3.26%.
The international sell-off was sparked by new trade concerns and the latest developments in Italy, as a new government crisis has broken out with the power struggle between Salvini and Berlusconi escalating. The 10-year bond in Italy was up by 2.7% and yields are now at 3.04%.
Investors are turning to the safety of the German bond, thus boosting the spreads especially with the bonds of the South, while the 10-year-old US is also a safe haven.
You may be interested
Turkish survey vessel Oruc Reis returns to its port, as Greece calls on EU to impose sanctions on Turkeymakis - Nov 30, 2020
After 49 days of seismic surveys in a large sea area that included the Greek continental shelf, Turkish research ship…
Teleworking in Greece extended until December 31stPanos - Nov 30, 2020
Teleworking for businesses able to implement distance working due to Covid-19 has been extended until December 31st, Greek authorities have decided. The…
PM Mitsotakis: Covid-19 vaccine free for the publicPanos - Nov 30, 2020
Prime Minister Kyriakos Mitsotakis said that the Covid-19 vaccine would be given to the public free of charge during his…