Greece’s Borrowing Costs Hit New Record Low, Raising Economic Hopes

Greek state bond prices continued their downward rally on Wednesday, with the 10-year bond yield falling to a new all-time low of 1.811 percent.

Greece’s borrowing costs rallied to the bottom after the government announced the full abolition of capital controls in the country beginning as of September 1.

Greece’s yields are following a general trend which forecasts Eurozone state bond yields falling even further.

It is noted that just seven months ago, in January of 2019, the Greek state bond yield was more than four percent.

In less than six months, it was reduced by more than half, which is believed to be a sign of the confidence with which global markets are viewing Greece’s economy.