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Greece retains negative yield in first debt auction of year

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Greece retains negative yield in first debt auction of year
Greece retains negative yield in first debt auction of year

Greece has raised 487.5 million euros in a treasury bill sale that saw the country maintain its negative interest rate in the first debt auction of the year

Greece’s sovereign status later this year, starting in late January.

The Mitsotakis government has promised to return Greek bonds to investment-grade status — requiring an improvement of at least three notches in most cases — in 2021.

The Greek national debt was expected to be 173.3% of GDP in 2019, easing to 167% to this year, according to a national budget forecast.

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08 January 2020, 15:30