Greek bonds consolidate positive momentum

The image of the Greek bond market has undergone a remarkable change compared to the days of strong pressure in 2018, as the improvement momentum built since late January has met no obstacle so far.

The twin tapping of the money markets has improved the climate and the cash flow, with turnover advancing to the level of 70 million euros per day, against 20-40 million euros a few months ago. The international companies have a "buy" recommendation, the investors listen and drive the yields of the five-year bond to a historic low of 2.6 percent and of the new 10-year note to a strongly declining course since the day of its issue, to 3.76 percent.

Fund managers and economists tell Kathimerini that the Greek bonds have become a magnet for investors thanks to external and domestic factors alike. They include the favorable international atmosphere and the yield chase by...