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Seven days: 18 April 2019

Seven days: 18 April 2019

Greek rebound

Greek bond yields – which move in the opposite direction to prices – fell to their lowest level in almost 14 years as the country’s economic growth prospects have improved. The yield on 10-year debt hit 3.274 per cent, according to Refinitiv – the lowest since 2005 – and is in stark contrast to 2011, when yields surpassed 40 per cent as the eurozone debt crisis mounted. The International Monetary Fund has forecast 2.4 per cent real gross domestic product growth for 2019, claiming the country “has entered a period of economic growth that puts it among the top performers in the eurozone”.

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