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Greek Economy Optimism Seen in Yield-Curve Switch

From bloomberg.com

Greece’s 10-year yield fell below the rate on its 30-year securities last week for the first time in almost three years, adding to signs the bond market in the nation that triggered the euro region’s debt crisis is healing. The yield curve normalized on May 21 for the first time since June 2010, signaling investor optimism in the economy is increasing. The nation’s bonds are the best performers in the world this quarter, offering more than seven times the return of their next closest peer. Trading of Greek debt on electronic secondary securities markets is set this month to be the highest in at least two years and ... (full story)

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