JP Morgan recommends investing in Greek bonds
JP Morgan recommends investing in Greek bonds, as the company remained positive about Greek bond yields, assessing that the country’s credit rating upgrades by agencies within the year will take it out of the junk category, probably within the next year.
JP Morgan analysts recommend long positions in the Greek 7-year bonds against the Portuguese, while they expect an offering of Greek bonds in the upcoming days with a 10-year or 30-year issue. With the Public Debt Management Agency targeting €8-12 billion in bond issues this year, the US bank predicts that the ECB will buy about €10 billion more in bonds than will be issued.
You may be interested

The National Interest: Why is Cyprus still divided? – Analysis
Panos - Apr 19, 2021The division of Cyprus is fast approaching the half-century mark. In fact, that division has now lasted longer than that…

Research suggests ancient Greeks might have sailed to Canada
Panos - Apr 19, 2021The ancient Greeks could have reached Canada in 56 AD – almost a millennium before the Vikings. This is according…

Condition in eastern Mediterranean dominated Dendias, Shoukry meeting in Cairo
Panos - Apr 19, 2021Greek Foreign Minister Nikos Dendias was cordially welcomed by Egyptian Foreign Minister Sameh Shoukry earlier on Sunday in Cairo. The…