HALISTER1: Risk Appetite, Creditor Talks Will Support Greek Debt: Mizuho

Risk Appetite, Creditor Talks Will Support Greek Debt: Mizuho

(Bloomberg) -- Positive backdrop of increased risk appetite across euro-zone debt markets and “supportive comments" from officials and creditors will help keep Greek yields low, Antoine Bouvet, interest-rate strategist at Mizuho International, says in emailed comments.
  • Greek 2-year bond yield trades 3bp lower at 5.63%, while 10-year bond yield is little changed at 5.71%
  • NOTE: Euro-area finance ministers gather in Brussels on Monday to try to clinch a deal on easing Greece’s debt burden, which would resolve a stalled review of the country’s bailout and pave the way for a new set of rescue loans
  • According to Bouvet, market will be looking closely at today’s talks, “but the bigger picture is EUR rates markets” and that “investors’ appetite for yield has improved markedly since the French election”
    • “What we anticipate is a greater willingness to take duration and spread risk from investors”
To contact the reporter on this story: Adrian Krajewski in Warsaw at akrajewski4@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Anil Varma

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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1004Z GA (Hellenic Republic)

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Antoine Bouvet (Mizuho Financial Group Inc)

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