Calamos Supports Greece

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%...

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 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...

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...

Investors Hesitant to Buy Greek Bonds

Six months after Greece’s spectacular rehabilitation in the international debt markets, investors are thinking twice. “Greece’s 10-year government bond yield Tuesday hit 6.98%, having climbed from a trough of less than 5.5% in June, as the country rode a...

Greek Bonds Return World's Best

Greek bonds returned almost four times as much as any other government securities this year as the nation that sparked Europe’s sovereign debt crisis moved toward economic recovery after six years of contraction. Greece’s 47 percent year-to-date return was the...

Japonica's Kazarian: "Why and How I Bought Billions in Greek Bonds"

In a video interview with Greek Reporter, Japonica's founder Paul Kazarian explains his billion dollar investment in Greek bonds and talks about his accounting technique that rates Greece as A+. Paul Kazarian has had a thing for Greece since...

Morgan Stanley: Buy Greek Bonds

Investment firm Morgan Stanley is uring investors to buy Greek government bonds. According to the Wall Street Journal, the head of the external strategy of the American bank, Paolo Batori, in a recent economic forum, said that “the Greek...

ECB Official Says No Help On Greek Bonds

A senior European Central Bank official is insisting that the bank can't help Greece by agreeing to roll over the government bonds it holds or accept lower interest rates. Prime Minister Antonis Samaras, who wants more time to enact reforms...

ECB Suspends Eligibility of Greek Bonds as Collateral

The European Central Bank said Friday it would suspend "for the time being" the eligibility of Greek sovereign bonds as collateral for its loans to banks. Greek sovereign bonds "will become for the time being ineligible for use as collateral...

New Greek Bonds Rated "CCC"

Standard & Poor's rated new Greek bonds on Thursday issued under its bond swap at "CCC", or still vulnerable to default, and indicated it would likely assign the same rating for the country. After the swap is completed "we will...