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Greece vs Germany

BONDS
  • Greece 10yr yield trades at highest level since May 2020, In part due to a roll on the 24th/25th January, from GR0124037715 to the new GR0124038721.
  • Still Greek yield is now above the US and Italy trades above the UK 10yr.
  • Greek/Bund spreads is again widening this morning, by another 3.2bps, and widest since 28/05/20.
  • Next upside resistance in the spread is seen at 201.03bps

Chart source: Bloomberg

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