Insight Investment: Greek bonds could be safer than Portuguese

Greek government bonds, the highest-yielding in the euro area, may now be safer than Portuguese securities, according to Insight Investment Management Ltd.

The risk of investors having to accept more losses on Greek debt has abated following a writedown on the securities in 2012, Gareth Colesmith, a senior money manager at Insight Investment, said in an interview in London on January 10.

The company would consider investing, should Greece proceed with a possible sale of five-year notes in the second half of the year, he said.