Greek Bonds Get some Love from Hedge FundsVW Staff
Someone described Greek bonds as ‘bombed out assets’ that were trading around just 17 percent of their face value.
Well it seems there are some takers for these bonds these days. Judging from the yield on Greek government bonds maturing February 2027, which has fallen from 29 percent in May to sub-23 percent levels, and the narrowing of bid-offer spreads to a very reasonable 1 percentage point, it seems people are summoning up courage to buy these bonds as a value play, perhaps.
A lot . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible