ECONOMY

Record-low yield for 5-yr Greek bond

Record-low yield  for 5-yr Greek bond

Greece’s 5-year Treasury bond dropped to a record low 0.234% opn Tuesday, confirming Greek bonds’ reputation as a “safe haven” investment, despite the fact they are not rated as investment-grade.

The 10-year bond yield was at 1.03%, close to the historic low of 0.92% achieved last February. Overall, the Greek state’s borrowing costs have dropped 75% since mid-March.

The European Central Bank has €9.95 billion in Greek bonds, or 13.5% of the total.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.