The reshuffle stabilizes the climate in stocks and bonds

Over-coverage for the increase of Piraeus above 1.1 billion euros - 5,5 warrants for each new share - Recovery in the bond market.

A new era begins today for the Athens Stock Exchange (ASE) as well and the market is trying to make an upward break, after several days of political entanglements that do not eliminate the parameter of elections.

State bonds seem to be moving at a stabilizing pace in the secondary market with decade ones at 52, while improvement is also recorded in corporate bonds after intense pressure in recent days.

According to Reuters, the 10-year bond yield fell by 10 basis points and moves close to 11.6%.

The market reacts positively towards the new government, but the current response does not say much after a fall of over 6%.

The market will need fresh money as new shares and warrants will enter the next two weeks. The international climate today is helpful as there is an upward reaction in Europe besides the liquidation efforts continued in Asia.

The closing of ASE this afternoon, will mark the completion of the last act for the recapitalization of systemic banks, three of which (National Bank, Alpha Bank, Piraeus) were able to cover 10% with private funds, while Eurobank was recapitalised completely from the Financial Stability Fund (FSF).