Greek Shares Accelerate & Bond Yields Drop
Greek shares accelerated today, after the nation secured a multi-billion euro bailout deal with its global creditors.
Greece's third bailout caused the Hellenic state's sovereign borrowing amounts to retract. Athens' reference point, ATG equity index, increased by 1.2%; the Greek banking index swelled by 6%.
National Bank of Greece shares climbed 6.6%. However, the main ATG index continues to remain in a 15% downfall, as it has since the beginning of this year.
Two-year bond yields dipped by over 4%, totaling 15.27%. 10-year yields decreased approximately 70 basis points, totaling about 10.50%. The fresh agreement is predicted to total as much as 86 billion euros in new loans, for the financially stricken nation.
(Source: Reuters)
Tagged under
Related items
-
‘Salty’ prices for top organized beaches around Athens
-
Concerts: The big international live shows of the summer - Tom Jones, The Stranglers, Alice Cooper, and other major names complete the summer concert “map”
-
Foreign visitors takes on Athens - What they like and what they don't
-
Athens to celebrate New Year with silent fireworks for the sake of animals
-
Athens prepares for Christmas and New Year's with glorious festivities