Greece
Calamos Supports GreeceCalamos Supports Greece
GreekReporter.com Greek News Economy Greek Bond Rally Continues, 10-Year Yield At Lowest Level Since 2005

Greek Bond Rally Continues, 10-Year Yield At Lowest Level Since 2005


Thursday brought some good news for the Greek economy as the country’s government bond yields continued their downward trend, reaching the lowest levels seen in more than thirteen years.
More specifically, Greece’s 10-year bond yield reached 3.36 percent, which is down by eight basis points, the lowest figure recorded since September, 2005.
Global analysts claim that the combination of the IMF’s prediction that Greek primary surplus will be even higher than previously thought in 2019, and the revitalization of the country’s job market play a crucial role in pushing down lending costs for Greece.
The country’s five-year bond yield is now at its lowest levels since August of 2006.
Since Greece is no longer receiving money from a bailout program, its economy is reliant on global bond markets each time the government decides to buy cash from them.

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!




Related Posts