Some pressures appeared
Limited pressures appeared in the market today bonds with the result that the yields of almost all EU securities move upwards.
In the domestic market, interest is now focused on its new output Greek State in the markets, which is timed towards the end of the next month or the beginning of the second quarter.
Analysts estimate that the new syndicated issue will concern a five-year bond.
The climate remains positive for Greek bonds, which, according to investment banks, will further benefit from their participation in international indices after their return to investment grade.
After all, it is indicative that in the recent issue of the 10-year bond the Hedge Funds covered only 5%, almost half of what they had covered in the corresponding issue of 2023 (11%).
More generally, however, since the beginning of the year, increased activity has been observed in the market as several Eurozone countries proceeded with syndicated bond issuances in order to benefit from the increased demand, it was underlined in APE BPE.
According to JP Morgan’s calculations, in January the countries of the Eurozone drew 173 billion from the market. euros of which 82 billion euros were related to syndicated publications.
The countries that entered the markets with syndicated bond issues were Austria (new 10-year, 5-year and reopening 25-year green bond), Belgium (new 10-year), Finland (new 30-year), France (new 25-year green bond), Germany (new 30-year), Greece (new 10-year), Ireland (new 10-year), Italy (new 7-year, new 15-year, reopening 30-year), Spain (new 10-year) and Portugal (new 10-year), the countries of the Eurozone drew from the markets approximately 173 billion. euros, of which 82 billion euros concerned syndicated releases (which include the release
In the Electronic Transaction System of the Bank of Greece (HDAT) transactions of 48 million euros were recorded, of which 33 million euros related to purchase orders.
The yield on the benchmark 10-year bond rose to 3.34% from 3.23% that closed on Friday versus 2.32% for the German counterpart, bringing the spread to 1% from 1.04% that closed yesterday.
In the foreign exchange market, the euro is moving lower against the dollar today as the European currency was traded in the early afternoon at $1.0727 from the level of $1.0787 that opened the market
