The Greek 10-year bond yield has fallen below the 1% threshold for the first time in history the yield, dropping at 0.962%. This reflects the recovery of market confidence and is expected to be beneficial for the debt relief.
“The continuous drop of public lending rates and its maintenance at a low level, prove the confidence markets have in the course and prospects of the Greek economy, as well as in the government’s pursuing economic policy. We continue, on a plan, methodically and responsibly, aiming at achieving a high and sustainable growth, the creation of many and good job opportunities and the support of social cohesion”, said Finance Minister Christos Staikouras.
The increased demand for Greek bonds is linked both to the favorable climate in almost all eurozone bond markets and the pursuit of higher yields by investors.