Greek stock market made a sharp drop of 865 points today, with Greek 10-year bond yields jumping to a 5-year high, reflecting the strong risk aversion of Greek assets. General index closed with a loss of 2.72% at 862.55 points, while the yield on Greek 10-year bonds reached 4.3% today. Turnover amounted to 83.56 million […]
Tag: bonds
Greek bond yields top 3%
With a yield of 10-year bonds above 3%, a new issue of government bonds, with a re-issue of 7-year bonds, is likely to take place tomorrow. The list of proposals, by all indications, should appear tomorrow morning, and the entire process is expected to be completed within a few hours. However, bond prices fell today, […]
Sturnaras: ECB should continue to buy bonds to mitigate the consequences of the war in Ukraine
The European Central Bank (ECB) should continue its bond-buying stimulus program until at least the end of the year and keep it open to mitigate the impact of the conflict in Ukraine, ECB spokesman Giannis Sturnaras told Reuters. He was the first ECB spokesman to explain how developments in Ukraine, where fears of a full-scale […]
Greece borrowed 3 billion euros through the issuance of 10-year bonds with an interest rate of 1.8%.
Greece raised 3 billion euros at an interest rate of 1.8% in the process of building the order book for a 10-year bond issue, which was completed early Wednesday morning. Greek Finance Minister Christos Staikouras, commenting on the results of the first 2022 bond issue, said the issue’s interest rate was “particularly satisfactory given the […]
Greek treasury bills raised € 1 billion
Greece’s sovereign debt agency raised a total of € 1 billion from the issuance of 13-week Treasury bills on Wednesday, including non-competitive bids confirmed on Thursday. The issue provided a negative yield of -0.40%, which is equal to the yield of the previous such issue on August 4. However, the coverage ratio was 1.77, up […]
Greek banks are looking for 15 billion euros by 2025
Greek banks are planning a series of € 15 billion bond issues to meet the capital requirements set by the SRB by the end of 2025. The SRB is a supervisory mechanism that sets rules regarding the amount and form of additional funds. Every bank should have them so that, if necessary, there are necessary […]
Saxo Bank Predicts Financial Crisis In Greece And Eurozone
A mismatch between the policies of the US Federal Reserve and the European Central Bank could trigger a new European debt crisis in which greek bonds will dramatically lose their liquidity, warns Saxo Bank. “While the outlook for the US economy can withstand higher government bond yields, the same cannot be said for Europe.” it […]