Greek bonds defy junk status to breach 1% for first time
It marks a rapid turnaround from less than a decade ago, when yields soared to nearly 45%
12 February 2020 - 20:27
Athens — Greek bonds have breached a threshold that would once have been scoffed at during the financial crisis: benchmark yields below 1%.
It marks a rapid turnaround from less than a decade ago, when yields soared to nearly 45% amid fears the country would crash out of the eurozone. The fact that the debt is still deemed junk seems not to have put off investors scrambling to find the last remaining pockets of yield in the government bond market...
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