Markets are already pricing in Greece's Investment grade:
According to Reuters, Greece's return to investment grade after more than a decade is considered a "done deal" by bond investors.
- Written by E.Tsiliopoulos
According to Reuters, Greece's return to investment grade after more than a decade is considered a "done deal" by bond investors.
The Greek economy is going to pass through important milestones by the end of June despite the pause that has been "pressed" on government work due to the second elections.
An analysis by Goldman Sachs focuses on the reaction of banking stocks after the victory of New Democracy in the elections, pointing out that the shares of Greek banks strengthened by 13%, while bond yields took the opposite direction, with those of AT1 falling by 30 – 50 basis points and the senior preferred bonds by approximately 10 – 20 basis points.