by on 31 January 2017

It was never going to last. Greek government bonds have given back about a sixth of their surprising gains late last year, having reacted badly to a leaked International Monetary Fund draft report describing the country’s debt and financing needs as approaching “explosive” territory. Creditor woes look depressingly familiar, and there’s probably a lot more bond pain to come.

Hello Again

Greek bond yields set to give back Q4 rally as hopes dim for inclusion in ECB’s bond purchase plan Greece’s recent fixed-income popularity reflected signs that government budget proposals would meet with approval from the European Commission, European Central Bank and IMF, and at long last Greek officials and the troika would have the appearance of getting along. Some improving economic data also helped.

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