Calamos Supports Greece

Markets

2019 Proves to Be the Best Year for Greek Stocks in Two Decades

Barring any unforeseen turbulence which might occur in the very last days of 2019, the Athens Stock Exchange (ATHEX) is set to celebrate its best year since the turn of the millennium. ATHEX is among the top performers among stock...

Greek Borrowing Costs Drop Lower Than Italy's for First Time Since 2008

The yield spread between the Greek and Italian state bonds fell into negative territory on Thursday for the first time since 2008, meaning that the Greek state can borrow money at a cheaper rate than Italy in capital markets. The...

Greece Expected to Tap Financial Markets With New 10-Year Bond

Greece will very soon seek to pump additional money from global markets in an effort to capitalize gains made on the historically-low interest rates that the country has been enjoying over the last several months. Greek authorities have requested the major...

Greece's Borrowing Costs Hit New All-Time Low

Greece’s borrowing costs have tumbled to a record low on Wednesday, reflecting hopes among foreign investors that the new government will be able to reinvigorate Greece’s reform program. The 10-year bond yield fell 2.6 percent on a daily basis on...

Greece Opens Books For New 7-Year Bond, Third Time Since Bailout Exit

Greece opened its books for a new 7-year bond on Tuesday morning. The new Conservative government aims to earn approximately €2.5 billion, in an effort to capitalize the recent sharp decline in the country's interest rates. The initial estimates suggest that...

Greece To Launch New 7-Year Bond, Says Public Debt Management Organization

Greece's Public Debt Management Organization issued an announcement on Monday notifying the Athens Stock Exchange that the country will soon be ready to launch a new seven-year bond. For this reason, the new leadership of the Finance ministry has already...

Greece's Borrowing Now Costs Same As Italy's; 10-Year Bond Hits Record Low

The interest rate for Greece's ten-year bond yield fell on Friday to an all-time low, reaching levels under three per cent, for the first time ever in history. The Greek interest rate fell a further seven basis points, and is now...

Markets Receive Conservative Greek Landslide With Unprecedented Enthusiasm

Global markets showed marked enthusiasm regarding the prospect of Greece turning toward a more conservative route, following the New Democracy Party's landslide in Sunday's local and European Elections. Greece's ten-year bond lost more than nine percent since the day began, and is...

Latest Data Reveal Greek Inflation on the Rise

ELSTAT, Greece's official statistics authority, released its latest data on the country's annual EU-harmonized inflation on Friday, which showed a slight increase in prices overall. From one percent inflation seen in March of 2019, the figure increased to 1.1 percent...

Cyprus to Tap Markets With its First-Ever 30-Year Bond

Cyprus has mandated investment banks to manage a double bond issue comprising a 5-year and a 30-year, euro-based bonds, the country's Ministry of Finance announced on Tuesday. This will be the first time Nicosia will borrow money on the international...