The yield on Greek government bonds dropped to 3.25%, close to the lowest level since 2009, following the upgrade by Fitch Ratings.
The yield of the 10-year bond fell 5 basis points to 5.58 % at the beginning of the tender and then it stabilised.
Fitch Ratings upgraded on Friday Greece’s Long-Term Foreign-Currency Issuer Default Ratings (IDR) to “B-” from “CCC”, with a “positive” outlook,based on its view that the country’ s third adjustment program review will be finished without creating instability and that the Eurogroup will grant debt relief in 2018.
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Source: ANA-MPA
