Global Macro Matters: From Greece to Bondholders with Love

PGIM Fixed Income

December 2017

Jürgen Odenius, Managing Director, Economic Counsellor

Greece’s ability to potentially exit its bailout program in the summer of 2018 is a nod to both the progress made during early reviews of the ESM-financed adjustment program and that the political interests of all parties are aligned, for once. As a result, bondholders are likely to benefit from the establishment of a cash buffer that could meet the government’s financing needs for the foreseeable future.

 

DOWNLOAD THE WHITE PAPER from PGIM Fixed Income

 

 Read more at PGIM Fixed Income