Rising prices and high trading activity were seen today in the secondary bond market ahead of tonight’s Fitch ‘verdict’.

It is noted that since last June, the international rating agency Fitch has rated Greece with BBB- and the outlook is stable.

Fitch recognizes that Greece is recording one of the largest debt reductions among the countries it covers, as the performance in the fiscal field is accompanied by satisfactory growth rates. Based on the firm’s latest estimates, the growth rate will be 2.3% this year, 2.4% in 2025 and 1.9% in 2026.

More generally, according to the rating agencies, further upgrades of the country’s credit rating may result from sustainable economic performance, prudent fiscal policy, the continuation of structural reforms that promote the competitiveness of the Greek economy and a further reduction in the stock of non-performing loans of bank loans, with the latter thus approaching the EU average.

In any case, however, markets price Greek government bonds more favorably compared to the average of government bonds with a corresponding BBB rating. As analysts estimate, the pricing of Greek government bonds by the market corresponds to a -A credit rating.

It is indicative that the yield on the 10-year bond today fell to 3.12% from 3.22% at the beginning of the week.

In more detail, in the secondary market and more specifically in the Electronic Transaction System of the Bank of Greece (HDAT), 352 million transactions were recorded. euros, of which 154 million euros were related to purchase orders. The yield of the Greek 10-year bond was 3.12% compared to 2.24% of the corresponding German bond, resulting in a margin of 0.91%.