Yield on 10-year Greek bond at record low ahead of expected ND elex victory

Tuesday, 02 July 2019 12:49
UPD:12:52
REUTERS/PETER NICHOLLS
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By N. Stasinou
nstas@naftemporiki.gr 

The yield for the benchmark 10-year Greek bond posted a spectacular decrease on Tuesday morning, slicing off 21 basis points to hover at 2.09 percent, a historic low.

The yields on Greek paper continue to fall ahead of Sunday's general election, where opinion polls and analysts' forecasts have center-right and pro-reform New Democracy replacing previously populist hard left SYRIZA party.

Yields on Greek bonds also "rode the coattails" of a rally throughout on the Eurozone, with investors apparently opting for the safety of sovereign debt amid global "saber-rattling" over trade sanctions.

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