Bond Market Highlights: Norway’s Government Pension Fund Buys Greek Bonds

News - September 14, 2010

Norway’s Government Pension Fund - Global sees no the threat of Greek default and buys Greek debt, as well as bonds of Italy, Spain and Portugal.

The difference in yield, or spread, between Greek and German 10-year bonds exceeds 9,5 percent. A year ago, the yield premium was only 1,2 percent. The current yields are as follows: Greece'12 – 9,6 percent, Greece – 11,9 percent, Greece'19 – 12 percent, Greece'24 – 10,2 percent.   

For more information, please call your private banker.

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