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Greek 10-Year Bond yield falls below 1% for the first time ever

For the first time ever, the Greek 10-Year Bond yield fell below 1 percent. It is a milestone for a country that has been bailed out three times in the last 10 years.

The Greek 10-year bond yield fell to as lows as 0.992 percent, Tradeweb pricing showed GR10YT=TWEB, dropping below 1 percent for the first time ever.

An improving economy and credit ratings upgrades have boosted Greek bonds in recent months. The country’s positive yields have also attracted investors reluctant to hold a vast swathe of euro zone debt mired in negative yield territory, Reuters notes..

Reaction on Twitter was “stun”

PS at least the Greek economy is doing great on papers. And bonds.

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