Danske Bank A/S

Straight on the heels of a Greek 10-year bond issue with a record low one percent yield (compared to 45 percent one decade ago), Bloomberg is singing the praises of the prospects of the Greek economy and government and touts the once unthinkable possibility of Greek bonds returning to investment grade (even though they are still at the junk level).

Greece?s yields declined on Tuesday as European officials prepared to assess the country?s third set of economic policy proposals.

German Chancellor Angela Merkel urged Greek Prime Minister Alexis Tsipras at a meeting on Monday to do what is needed to qualify for another tranche of financial aid.

Greek government bonds climbed for the first time in three days, as an administration official said the nation planned to request a six-month extension of its international loan agreement.

The potential for a Greek deal eased tensions, after talks on financial support had broken down on Monday.

David Goodman & Nikos Chrysoloras

Greece’s planned bond-market return, heralded by lawmakers as evidence of renewed confidence in the nation, will also highlight the progress that’s needed before its rehabilitation is complete.

Greece is planning to announce a sale of five-year notes via banks on Wednesday, according to two people familiar with the matter, as the country that sparked Europe’s sovereign debt crisis returns from a bond-market exile.