Yields rise, but Greek debt still partly shielded from market headwinds
Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
Finance Ministry costs new support package, but questions remain over electricity subsidies
Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
Hiring balance slows in June as job market returns to normal levels
Greece announces return to markets with 5-year bond, mostly targeting swap
Following days of rumours and press reports, the Greek government officially launched the process for a new bond offering on Monday afternoon.
As we have noted, Moody’s upgraded Greece’s rating by one notch to ‘Caa2’ with positive outlook on June 23, while S&P upward revised the rating outlook to positive from stable last Friday.
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