Social security event.
7.625 percent, its lowest level in five months, while five-year yields were down almost 40 bps. Tsipras told his new cabinet on Sunday that a second bailout review will be concluded in time for debt relief talks to begin in December. If a review can be completed, Tsipras said, Greece can see its inclusion in the European Central Bank’s asset-buying program within the first quarter of 2017. It can then regain access to the bond market by the time its current bailout expires in 2018. “Tsipras mentioned that Greek government bonds can be included in the QE program in the first quarter of next year. This could be feeding through to the price action today and maybe some domestic investors are taking him at his word,” said ING strategist Martin Van Vliet.
The FrenchGreek Chamber of Commerce and Industry will hold a conference tomorrow titled “Greece-France: Prospects, Proposals for Sustainable Social Security,” with participants including representatives of the Greek Labor and Social Security Ministry and Herve Colas, director of France’s National Institute for Social Security. For more information on the event, to be held in an Athens hotel, call 210.362.5516.