Market Extra: Why Greece is selling new bonds at ‘risk-free’ levels akin to U.S. Treasurys

Greeks may have invented philosophy. But this week the seaside nation is testing out another idea: its bonds are roughly as risky as haven U.S. Treasurys.

Greece is borrowing about €2.5 billion euros in the international debt markets this week by selling seven-year bonds at a yield of 1.9%, according to Bloomberg report.

The bonds sale comes on the heels of an election that installed a new government led by Prime Minister Kyriakos Mitsotakis, sparking hope that Greece can finally turn the page on a decade of debt woes.

The nation after years of crisis only emerged from international bailouts last year.

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