Piraeus Bank shows the way for Greece’s exit to the markets

Markets are now positive for the Greek economy - 18% increase in the price of Greek bonds since the beginning of the year
 
The bond issuance by Piraeus Bank opened the way for the issuance of Greek state bonds, according to international media such as Wall Street Journal and Reuters that captures the decline in performance of the Greek ten-year bond after the agreement with the troika.
 
The current picture shows that markets are now persuaded for the improvement of the situation in the Greek economy, while interest rates on euro-denominated bonds have fallen to very low levels and high liquidity is "hungry" for yields, thus giving chance to a good reception for a Greek state version as well.
 
The Piraeus Bank issuance, the first for a Greek bank after five years, was greeted with many reports in the international press, recording the evolution as proof that the markets believe the situation in the Greek economy is improving and as evidence for the large liquidity in the markets there is looking for yields.
 
Bloomberg agency spoke of the good climate for Greek bonds, as the issuance by Piraeus Bank was absorbed the same day that Greece concluded the agreement with the troika.
 
The yields of the 10-year Greek bond fell to 6.69% Tuesday afternoon while the spread (the difference in interest rates) from the German bond stood at 5.12%.