Financial markets

Greek households generally own their home and have a car; they often have a house in the village their family hails from too. However, their bank accounts are shrinking, their loans are not being serviced as promptly as they used to be and their liquidity is close to zero.

Greek state bond yields jumped on Wednesday to levels unseen since last June, when markets took a hit from the British referendum to leave the European Union. It is no surprise international agencies are particularly cautious about Greece.

Turkey's treasury is set to pave the way for foreign investors to issue foreign exchange-based securities as part of the Istanbul Finance Center project, in a move to attract more foreign investors into the country's capital markets, a top economy official has announced. 

Greece's entry into the European Central Bank's quantitative easing (QE) program keeps getting put off, just as criticism is mounting over the effectiveness of the bond-buying program and the potential legal hazards for Frankfurt - concerns that are doing nothing to make it easier for the country to get on board.

Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed's Nov. 1-2 meeting showed.

After a long period of exclusion, Greek banks have resumed transactions in the interbank market, a sure sign that conditions are returning to normal and expectations are growing.

The Central Bank has lowered its reserve option coefficient, a move that will provide approximately $620 million in liquidity to Turkey's financial system.
According to a statement from the Bank issued on Oct. 31, the coefficients for the second, third and fourth tranches of the foreign exchange facility of the Reserve Option Mechanism have been decreased by 0.2 points.        

Greek bonds and stocks have been in international isolation since June, when the first 7.5 billion euros of the tranche of 10.3 billion got disbursed. Foreign investors are ignoring Greek securities due to the persisting uncertainty over the prospects of the country's economy.

Short-dated Greek yields were set on Friday for their biggest monthly fall since August after this week's bailout deal with creditors and hopes the European Central Bank would resume accepting the country's bonds for its QE program.

DUTB is focused on facilitating the restructuring of banks, running the privatisation process and the settling the state's liabilities. Which financial institutions (e.g. investment banks, private equity houses, corporations…) are the most interested in your assets?