Greek bonds resilient in wake of Japanese crisis

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Greek government bonds have once again proved resilient to the “crash” in the Japanese bond market that shook the entire world on Tuesday.

The yield of the Greek and most European bonds ticked upward as the bear climate in Japan was transmitted to nearly all markets.

In the domestic bond market, the yield of Greece’s 10-year bond climbed 18-20 basis points, in line with the trends seen for yields in the eurozone.

The disturbance came after Japanese investors appeared unconvinced by the Japanese premier’s policy for reducing taxes and raising social spending.