Tradeweb Eliminates Greek Bond Trading Restrictions
Tradeweb eliminated the regulations on Greek governmental bonds today.
Tradeweb, a world leader in global marketplaces, lifted the restrictions due to a UK Financial Conduct Authority appeal. Previous trading was halted in June. The Hellenic Capital Market Commission stated previously that electronic secondary market HDAT, concerning government bonds, has been reinstated.
Greek 10-year bond yields rose 2 basis points, marking 12.13%, while five-year credit default swaps dipped from 1,993 bps to 1,799 bps on Friday, according to Markit. Today, the Greek stock market plummeted almost 23%, after being closed for five weeks.
(Source: Reuters)
