Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GREECE
Greek yields fell only modestly today (2bp), but the double-digit rise in Bund yields brought 10Y GGB spreads to the lowest close since January 2022 at just under 175bp. Also closed 15bp inside 10Y BTPs, the biggest differential since Jul 2022.
- Haven't seen any headlines driving the move today but the respective spreads have been moving in Greece's favour since Tuesday when it projected primary surpluses of 2+% of GDP for 2024-2026 - seen as assisting a return to investment-grade status. The May 21 election is increasingly in focus as well.
Source: BBG
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok