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Greek 10Y Extends All-Time Premium To BTPs

EGBS

With European cash trading closed for the day, Greece easily the outperformer following Sunday's legislative elections that were seen as market-positive: 10Y GGB spread down 17bp vs Bunds at 142bp, the tightest since Jan 2022.

  • More impressively Greece is now trading at the biggest premium vs 10Y BTPs in the euro era (all-time?) at more than 43bp inside (was flat at the beginning of May).

Source: BBG, MNI

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