QE keeps SSAs on track but Greek volatility set to grow

Greek government bond yields shot up on Monday morning after the country’s general election at the weekend, but the European Central Bank’s new quantitative easing programme acted as a strong firewall for the rest of the eurozone periphery, said SSA bankers. But while markets are stable for SSA issuers outside Greece, volatility could grow as the next deadline of Troika support approaches at the end of February.