For the first time in history, the yield on Greece’s 10Y sovereign bonds dropped below 2.00% – having crashed from around 4.00% at the start of the year – and is below US Treasury debt costs.
Greece’s 10-year yield fell 7bps to a record low of 1.984% (and Greek five-year yield falls 4bps to 1.03%, nearing July 3 record low at 1.028%)
Finally, do you think Greek debt ‘deserves’ a sub-2% yield?
Debt doesn’t matter stupid!
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