Greek 10 -year bond yield stood at 3.35 % against 2.59 % of the corresponding German title, making the margin of 0.76
Fluids were observed today in the secondary bond market as investors rushed to secure the profits of recent days.
The market climate remains positive after upgrading the prospects of the Greek economy by Fitch last Friday, maintaining the long-term credit rating of the Greek economy in the BBB- the margin for German bonds is stable below the 0.8%threshold.
It is recalled that Fitch made special reference to the favorable profile of Greece’s public debt as the average duration reaches 19 years. At the same time, the low interest rates and high cash available in the country significantly reduce the market risks to which they are exposed, as well as the large fluctuations in the bond market.
The imputed debt rate is about 1.5%, including the impact of deferred interest, much lower than the growth of Greece’s nominal GDP growth, which is estimated at about 4%.
Afterwards, the interest is shifted to the end of next week as, on May 30, the Scope evaluation follows, which completes the “dance” of ratings for the first half of 2025.
In the secondary bond market today and more specifically in Electronic Transaction System (HDAT) Its bank recorded 124 million euros, of which 25 million euros were in market orders and the remaining 99 million euros in selling orders.
The Greek 10 -year bond yield stood at 3.35 % against 2.59 % of the corresponding German title, with the margin of 0.76.
The euro is moving in the foreign exchange market against the dollar, with the European currency in the afternoon negotiating at $ 1, $ 1257. From the level of $ 1,1218, the market opened.
Source: Skai
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