Positively received today by bond market the result of yesterday’s national elections. His performance 10-year bond fell during the session to 3.51% (lowest level of the last 12 months), while the spread against the corresponding German bonds touched a new low of 1.215%.

The atmosphere was enhanced by the favorable comments from investment houses as well as from Moody’swhich in its announcement points out that “the electoral victory of the ND is credit positive”, as it explains, it paves the way for another four-year term under Kyriakos Mitsotakis, with his government being able to “ensure continuity in fiscal and economic policies”.

Moody’s, which places our country in a lower credit rating than the rest of the Rating Houses, predicts that Greece, helped by the prospects of consistently higher nominal GDP growth in the coming years, will manage to record one of the largest debt reductions in the world . In particular, it predicts that the burden of general government debt will decrease to less than 150% of GDP by 2025, from 171.3% recorded at the end of 2022.

For its part, Standard & Poor’s points out that the risk of political deadlock is eliminated.

In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank of Greece, transactions of 96 million euros were recorded, of which 62 million euros related to purchase orders.

The yield on the Greek 10-year bond fell to 3.56% from 3.64% that closed on Friday, versus 2.29% for the corresponding German bond, narrowing the spread to 1.25% from 1.30%.

In the foreign exchange market, the euro moves upwards against the dollar, with the result that in the afternoon the European currency trades at 1.0909 dollars from the level of 1.0898 dollars, which opened the market.