UK gilts shrug off solid retail sales data; 10-year yield falls to 1-week low as coronavirus fear haunts
FxWirePro: Is Greece a comeback story now?
Greece is making a comeback, at least the bond market is pointing to that direction.
However, this time it seems investor is eager to invest in Greek bonds. Last month, Greek sold €2.5 billion worth of 10-year bonds at 3.9 percent yield. The order book topped €11.8 billion, suggesting robust demand.
According to IMF, the country has finally entered the growth phase, where it is set to outperform the majority of the countries in the Eurozone. In 2019, GDP is expected to grow by 2.4 percent much higher than 1.3 percent growth in the entire Eurozone economy.