Greek Borrowing Costs Dip
The premium investors demand to hold 10yr GGB instead of benchmark German Bunds has posted a significant drop in the last days, with the spread retreating below 800 bps.
On Friday, the spread of 10yr GGB was trading at 783 bps, 34.3 bps lower compared to Thursday’s settlement.
"No one wants to be short because real money buyers have returned to the market so risk appetite for GGBs has returned," a senior local bond analyst told Dow Jones Newswires.
"I expect further tightening next week," he added.
The news agency notes that turnover is healthy at EUR100M on the local HDAT and European trading platform.
(Capital.gr)