Athens waits for credit rating upgrade as 10-year yield drops to new low

Economy Tags: Markets, Ratings
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

There has been a continuous flow of positive messages from the sovereign debt market for Greek authorities as strong demand for Greece’s public debt keeps pushing borrowing costs down.

The 10-year benchmark is on a downward path since the October 10, when it stood in the region of 1.45 percent. It has moved since to 1.28 percent as the desire for yield in a negative rates environment in the fixed income market has made GGBs an attract...

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