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22ndannualcapital

10Y bond yields skyrocket

For the first time in the last 15 months the Greek 10-year bond exceeded the psychological threshold of 10%, says Bloomberg. As mentioned, at around 1pm rates went to 10.18%, as investors were leaving for fear of a Grexit.

 

The same uphill course was followed by three-year bonds that moved near 14%. It is an example of the concern that has occupied investors a few days before parliamentary elections. Investors believe that in view of elections on January 25 the short risk of the country has increased significantly.

Scenarios on a possible exit of Greece from the euro has investors seeking safety for their capital, and today the ten-year German bond reached a new historic low at 0.45%. Meanwhile, the liquidity of Greece and quantitative easing is expected to be at the focus of the special meeting of the Board of the European Central Bank today.