Bonds rise amid closer Greek deal


The euro appreciated almost 2% against the dollar, trading above $1.11, buoyed by (unconfirmed) reports of an imminent agreement that would prevent a non-payment by the Hellenic country.

The euro hike was favoured by the eurozone’s inflation rate data, one of the most monitored references for the ECB. The latest indicators point that the shadow of deflation is far away: rose by 0.3% in May annual rate, one tenth more than expected.

Tensions in Greece and the eurozone prices hike are grabbing peripheral debt investors’ attention. The Spanish 10-Y bond exceeded 2%,  historic maximum levels, while the risk premium has fallen below 140 points due to the upturn in the German bund’s profitability.

About the Author

Francisco López
Working for more than 25 years in the world of journalism and communications, Francisco has gained valuable experience at several well-known newspapers such as El Mundo and La Vanguardia. He specialized in economic and financial news before making the leap to the corporate communication sector where he has held several positions: Adviser to the Ministry of Economy, Director of the Bank of Spain’s Communication Department, in addition to his consultancy role at Analistas Financieros Internacionales, where he currently works.

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