Barvetii Wealth Consultants: First Bond Sale For Greece

Barvetii: Greece has successfully sold government bonds in its first attempt since the huge EU-IMF loan bail-out was launched in early May.
Analysts at Barvetii the international wealth consultants believe this first bond sale will test investors’ appetites after a recent downgrade by the credit rating agencies, which cut the country’s rating to "junk". The benchmark Greek 10-year bond yield trades at 10%, almost twice as much as Spain’s, and well above the UK’s 3.5%. At these levels, borrowing from capital markets is unaffordable.