Greece might have a long way to go to recover from its devastating crisis, but things are finally starting to look up after the countrys creditors agreed a deal to unlock the next stage of its bailout programme and help it avoid a default.
Prices for the governments few publicly-traded bonds hit their highest level in more than seven years on Monday morning, after the bailout agreement prompted Moodys to upgrade the governments credit rating and signal further positivity ahead.
Yields on the governments benchmark 10-year debt, which fall when prices rise, fell 7 basis points (0.07 percentage points) on Monday morning to 5.2550 per cent, their lowest level since 2009.
The governments shorter-term debt rallied even further, with yiel…
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