Grekland betalar 5 procents ränta på sitt nya lån på marknaden. Är det mycket eller lite? Skall Du låna i riksbanken för 0,75 % och göra en Carry Trade?
Lex i Financial Times skriver så här:
Two years after the bailout, Greece underwent the largest sovereign bond restructuring ever. The last debt that Greece sold before the bailout – €8bn of it – was added to the bonfire.
A yield of 5 per cent for Greek risk sounds wildly low. Yet 5 per cent is very high relative to one alternative.
Greece paid less than 3 per cent, on average, on its debt to official creditors in 2013
The IMF and other eurozone lenders already own four-fifths of all of the debt remaining after the restructuring. Thus they bear most of the risk on a pile that remains more than 170 per cent of Greece’s output.
Let the new bond go forth to the yield-hunters, then. The bonds are under English law, and thus harder for Greece to restructure than local law debt.
That may be one reason why those with nerves will invest.
Hur hög var räntan på ditt eget senaste bolån?
Är Du lycklig innehavare av en bankoktroj får Du låna i Riksbanken för 0,75 %.
Kanske alla som säger att eurokrisen är över skall tvingas att investera en miljon kr var i grekiska statspapper?
Carry Trade
Two years after the bailout, Greece underwent the largest sovereign bond restructuring ever. The last debt that Greece sold before the bailout – €8bn of it – was added to the bonfire.
A yield of 5 per cent for Greek risk sounds wildly low. Yet 5 per cent is very high relative to one alternative.
Greece paid less than 3 per cent, on average, on its debt to official creditors in 2013
The IMF and other eurozone lenders already own four-fifths of all of the debt remaining after the restructuring. Thus they bear most of the risk on a pile that remains more than 170 per cent of Greece’s output.
Let the new bond go forth to the yield-hunters, then. The bonds are under English law, and thus harder for Greece to restructure than local law debt.
That may be one reason why those with nerves will invest.
Hur hög var räntan på ditt eget senaste bolån?
Är Du lycklig innehavare av en bankoktroj får Du låna i Riksbanken för 0,75 %.
Kanske alla som säger att eurokrisen är över skall tvingas att investera en miljon kr var i grekiska statspapper?
Carry Trade
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