I’m not sure what this post is trying to imply. It isn’t a reflection of the creditworthiness of either country, atleast not in this case. that’s not what the rates tell us. They *are* a reflection of inflation. The US has an inflation rate close to 5% and dropping. Greece has an inflation rate of 3%.
This shows up in the yields. Looking back historically shows the picture. In 2019, a ten year T Bill was giving an average yield of close to 2%.
These yields are no different than the interest rate hikes you probably saw on your bank accounts over the last year. As rates went up, your bank wanted deposits. But it couldn’t get deposits with rising rates and inflation unless it offered you higher savings/checking interest rates too. So those rates went up to your benefit. But it, generally, doesn’t tell us that your bank is in bad shape.
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[English source](https://www.ekathimerini.com/economy/1212933/the-miracle-of-greek-bonds/amp/)
[article in Greek](https://www.kathimerini.gr/economy/562462960/to-thayma-ton-ellinikon-omologon/)
UK 🇬🇧 4.28
Italy 🇮🇹 4.18
Cyprus 🇨🇾 3.82
USA 🇺🇸 3.76
Greece 🇬🇷 3.63
Spain 🇪🇸3.40
Portugal 🇵🇹 3.13
Belgium 🇧🇪 3.10
Austria 🇦🇹 3.07
France 🇫🇷 2.96
Ireland 🇮🇪 2.78
Netherlands 🇳🇱 2.78
Germany 🇩🇪 2.42
Wow, there exists who buy it?
I’m not sure what this post is trying to imply. It isn’t a reflection of the creditworthiness of either country, atleast not in this case. that’s not what the rates tell us. They *are* a reflection of inflation. The US has an inflation rate close to 5% and dropping. Greece has an inflation rate of 3%.
This shows up in the yields. Looking back historically shows the picture. In 2019, a ten year T Bill was giving an average yield of close to 2%.
These yields are no different than the interest rate hikes you probably saw on your bank accounts over the last year. As rates went up, your bank wanted deposits. But it couldn’t get deposits with rising rates and inflation unless it offered you higher savings/checking interest rates too. So those rates went up to your benefit. But it, generally, doesn’t tell us that your bank is in bad shape.
“ΕΛΛΑΔΑ” looks so cool btw.