Greece: 10-Year Bond Falls to Record Low

Athens Stock Market. (Photo by Eurokinissi/Eleni Kouri)

ATHENS – Yields for the Greek 10-year benchmark bond fell to 1.268 pct, a record low, on Tuesday. The 5-year benchmark bond also fell to 0.51 pct.

The bond spread between the Greek 10-year bond and the German bund also stands at a new historic low since before 2004, at 165 basis points. Investors expect the upgrading of Greece’s credit rating by Standard & Poors on Friday. Canadian DBRS may also upgrade Greece’s rating on November 1.

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