Greek gov't hails drop of 10-year bond yield below 1 percent for first time

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ATHENS, Feb. 12 (Xinhua) -- The Greek government hailed on Wednesday the decline of Greek 10-year bond yield below 1 percent for first time ever.

The 10-year bond yield dropped as low as 0.961 percent in trade in the domestic electronic secondary bond market on Wednesday, Greek national news agency AMNA reported.

"A benchmark once thought of as impossible has been reached. Greece is now on a growth trajectory that holds great potential and opportunity for global investors," Greek Prime Minister Kyriakos Mitsotakis tweeted.

The increased demand for Greek bonds was linked both to the favorable climate prevailing in almost all the euro zone bond markets, as well as to investors' pursuit of higher profits, AMNA noted.

The development "proves markets' confidence in the course and prospects of Greek economy," commented Finance Minister Christos Staikouras in an e-mailed press statement. Enditem

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