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Snap elections in Greece: Markets party, 10-Y bond yield in historic low

Markets party, the Athens Stock Exchange soars and the yield of Greek 10-year bond reached a historic low on Monday, just hours after Prime Minister Alexis Tsipras called for snap elections.

The Athens Stock Exchange opened with a strong +5%, short before 3 o’ clock the ASE recorded a +6.15% and a turnover at 118 million euros.

The yield for the 10-year Bond fell to 3.08% in the  morning hours of Monday.

Tsipras was forced to call on early elections after a sweeping victory of conservative New Democracy with a margin of 9% in the European elections on Sunday.

PS Of course, markets party as ND and its leader kyriakos Mi8tsotakis are considered as neo-liberal and markets-friendly, while left-wing Tsipras and SYRIZA is seeing as ‘communist’ by the conservatives around the world.

 

 

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