Greek bonds suddenly emerge bright on investors’ radar, combining higher yields within Eurozone stability

9 April 2019
45 Views

Greek bonds and shares on the Athens Stock Exchange (ATHEX) are again piquing international investors’ interests, according to Bloomberg, commenting on the latest reduction – due to increased demand – in the yield of Greece’s 10-year bond to pre-crisis levels.

On Monday, Greece’s 10-year bond yields reached their lowest level over the past 13 years, as investors interested in staying in the Eurozone are increasingly turning to Athens’ debt, in the wake of nearly zero percent yields offered by other Eurozone member-states, such as Germany.

On its part, a Forbes dispatch underlined that the “…the spread of Greek 10-year debt over Germany at 346 basis points or 3.46% has been regarded as too attractive to ignore. The wave of buying has driven the yield on the Greek 10-year government bond to its lowest level in over 13 years on Monday. Investors are regarding the debt relief afforded by the Eurozone as a safety net.”

The report also asked: “Why buy German debt which yields just 0.01% when one can take Greek debt that appears to have a Eurozone backstop behind it?”

According to Iain Stealey, the CIO of fixed income at JP Morgan Asset Management:

“…We like the Greek story, plus you are getting a spread of 350 basis points over Germany, which is very favorable…”

You may be interested

Refugees and illegal immigrants camp outside Greek parliament
GREECE
shares20 views
GREECE
shares20 views

Refugees and illegal immigrants camp outside Greek parliament

makis - Apr 19, 2019

Refugees and illegal immigrants have camped outside the Greek parliament at Syntagma Square in Athens. The illegal immigrants and refugees,…

Greek House votes to lift Parliamentary immunity of trhee MPs
POLITICS
shares21 views
POLITICS
shares21 views

Greek House votes to lift Parliamentary immunity of trhee MPs

makis - Apr 19, 2019

Greek MPs decided to lift the Parliamentary immunity of three of their colleagues, Andreas Loverdos, Marios Salmas, and Aristides Fokas…

Weekend escapes near Athens!
GREECE
shares1179 views
GREECE
shares1179 views

Weekend escapes near Athens!

Panos - Apr 19, 2019

Chalkida: the town of “mad waters” There is a reference point, a place of attraction for Athenians and people from…

Leave a Comment

Your email address will not be published.