Greek bonds a 'winning market bet' in 2019
- Written by E.Tsiliopoulos
Greece's debt has been fully rehabilitated in the eyes of international investors, according to an analysis by the "Financial Times".
According to the article, released on Thursday, investors can "hardly get enough" of the country's debt. It attributes this partly to the gradual recovery of the Greek economy and a "desperate search for yield" that has seen investors resort to relatively high risk bonds and driven down bond yields there as well.
The article notes that Athens now pays 1.16 pct to borrow for a decade and that its short-term debt has even dipped into negative territory. It also points to impressive returns for big investors in Greek debt, as high as 23 pct in the year, and notes that anyone who bought bonds in 2015, at the height of the Greek political crisis, "has more than tripled their money".
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