For the first time in its history yield of the Greek 10-Year bond dropped below 3% and was trading at 2.98% on Friday. The 5-year b0nd recorded also a historic low trading at 1.8%.
Yields for the Greek 10-year benchmark bond fell below 3.0 percent for the first time in its history on Friday, in line with other Eurozone state bond yields, notes state-run news agency amna.
Greece’s 10-year bond dipped below the 3 percent ‘barrier’ and was trading at 2.98 pct for an all-time historic low on Friday afternoon, while the Greek five-year bond hit a historic low of 1.8 pct.
The German Bund yield also fell to a record low of -0.209 pct on Friday after US President Donald Trump threatened to impose tariffs on Mexican goods, fuelling worries over a global economic recession.
Italian bond yields rose further, by contrast, due to heightened tension between Rome and Brussels over fiscal policy.
Yield of Greek bonds were in down trend short before the European elections and experience a new fall after Prime Minister Alexis Tsipras announced early elections following a devastating defeat by main opposition conservative, neo-liberal and markets-friendly New Democracy..
PS Don’t tell me Tsipras needed Mitsotakis to start cheaper borrowing…
