Greek assets among top performers in the world

Greek securities are riding the wave of international price rises and domestic expectations after the May 26 European election result that led to the Greek prime minister calling next Sunday's snap poll, with bond yields falling and ATHEX stock prices faring better than most of their European peers.

Greek bonds recorded what were among the best performances in the world in the first half of 2019, as the benchmark 10-year sovereign bond yield has dropped from 4.4 percent to 2.4 percent, a remarkable 200 basis points. US bond yields were down 70 bps over the same period.

Reuters has noted that the 343 percent rise in Attica Bank's stock since end-December and the 265 percent increase in Piraeus Bank's during the same period are among the global leaders. The ATHEX benchmark's 41.6 percent growth has dwarfed that of its eurozone peers and the capitalization of the local...