The first government bond auction after the elections closes for Greece in a positive way. Athens has placed 3-month bonds for 1,3 billion euros, with interest rates down slightly to 4,31%, against the previous 4,34%.
In the last auction held before the elections, on 12 June, Greece had instead had to offer yields of 4,73 percent on 6-month bonds, which it had placed in the amount of 1,625 billion euros. Halfway through the session the Athens Stock Exchange marks a +2,19%.
Greece is able to place short-term bonds because the securities are covered by the EU and IMF aid umbrella. The country, on the other hand, remains excluded from the markets on medium and long-term maturities.
