Coronavirus fears show Greece as an unlikely safe haven asset

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By Burhan Khadbai
28 Jan 2020

The scale of change in financial markets over the past decade has been crazy. At the beginning of 2010, the eurozone sovereign debt crisis was a gathering storm, with Greece about to become its first and biggest casualty. A decade on, some now consider the Hellenic Republic a safe haven investment as investors try to protect their money from the repercussions of the coronavirus outbreak.

While fears rise over the distribution of coronavirus, the spreads on eurozone government bonds — including those from its periphery — have come screaming in.  

It’s no surprise to see investors piling into core eurozone govvies. The Bund remains the tightest of them all. But so low ...

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