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Greece

Greek Bonds Drop Below 1% Milestone For the First Time in History

Greece's 10-year state bonds broke into new historic record-low territory on Wednesday, dropping below the one-percent milestone for the first time in history. The country's 10-year bonds were trading at a yield of 0.962% on Wednesday afternoon, down from 1.08%...

Greek Bond Rally Continues, 10-Year Yield At Lowest Level Since 2005

Thursday brought some good news for the Greek economy as the country's government bond yields continued their downward trend, reaching the lowest levels seen in more than thirteen years. More specifically, Greece's 10-year bond yield reached 3.36 percent, which is...

Greece Will Receive €1 Billion of Profit Returns on Greek Bonds

Greece is expected to receive €1 billion ($1.13 billion) of profit returns on Greek bond holdings in 2019, the Managing Director of the European Stability Mechanism Klaus Regling stated on Monday. While addressing journalists after the conclusion of the Eurogroup meeting,...

Greek Bond Yields Rise Amid International Tensions

International market strife over U.S. sanctions on Russia and Turkey has had a knock-on effect with Greek bond yields breaking the four-percent mark on Thursday. The bad news comes as Greece prepares to officially exit from its bailout program on...

Greek Bonds Rated 'Investment' Grade for First Time Since Crisis

Standard & Poor's have announced the upgrade of National Bank of Greece's three-year covered bonds worth €750 million ($881 million) to the BBB- credit rating, four notches above the country's credit rating. According to economic analysts, this rating covers not...

Greek Bond Yields Hit 12-Year-Low

Greece’s 10-year borrowing costs hit their lowest in 12 years on Friday, benefiting from expectations of an exit from its bailout this year, underpinned by risk appetite and a tentative economic recovery. Having been among the best performing government bond...

Greek Bond Swap Offer Reaches 86% of Shareholders

Greece has successfully completed a 30 billion euro voluntary bond swap aimed at boosting the liquidity of a thinly traded government paper issued after its debt restructuring, preliminary results showed. The take-up reached 86% of bondholders, a government official said....

ECB Profits from Greek Bond Holdings at €7.8 Billion

The European Central Bank has made nearly €8bn in profits from its holdings of Greek government debt, according to a written response provided by the ECB to a Greek MEP request. According to the response, holdings of Greek sovereign bonds...

Greek Bond Yield Falls After Fitch Upgrade

The yield on Greek government bonds fell to 3.25%, close to the lowest level since 2009, following an upgrade by Fitch Ratings. The yield of the 10-year bond fell 5 basis points to 5.58% at the beginning of the tender...

Short-dated Greek Bond Yields Rise after Failure to Reach Debt Relief Deal

Greece's short-dated state bond yields rose sharply on Tuesday after Greece and creditors failed to agree on closing the bailout program review and debt relief measures, Reuters says. The Greek government urgently needs the next rescue loan tranche in order...

ECB Dashes Greek Hopes on Lifting 'Waiver' on Greek Bonds

All eyes were on the European Central Bank's (ECB) June policy meeting in Vienna on Thursday. Great expectations resulted in disappointment regarding Greece with the central bank holding back from allowing Greek banks to resume access to cheap loans. Meeting...

European Central Bank to Accept Greek Bonds as Collateral

The European Central Bank has once again agreed to accept Greek bonds as collateral for loans in order to aid the country's struggling banks, says a Financial Times report. The move comes after Wednesday's agreement between Greece and creditors that...

ECB Says Purchase of Greek Bonds Depends on Compliance with the New Bailout Program

Here we go again. Mario Draghi says for the umpteenth time that the purchase of Greek debt by the ECB depends on compliance with the new bailout program. ECB’s stance on the purchase of Greek debt is similar to the...

Mario Draghi Lays out Conditions for ECB's Purchase of Greek Bonds

European Central Bank President Mario Draghi discussed the possibility of the ECB purchasing Greek bonds, during a press conference in Frankfurt on Thursday. Draghi clarified that for the ECB to purchase Greek bonds, whose low credit rating does not fulfil the ECB's credit rating requirement,...

Greece Reacts to ECB Decision to Not Accept Greek Bonds

The Greek government reacted to the European Central Bank's decision to stop accepting Greek bonds as collateral for its liquidity operations on February 11 and Athens announced that it will stay true to the popular mandate and will not...