Quotes from Commerzbank Corporates & Markets:
-Another haircut on Greek government bonds is not very likely. Nonetheless, uncertainty will probably remain very high amid private investors for the time being. They will demand a high risk premium for Greek government bonds.
-Outstanding Greek government bonds held by private investors amount to somewhat more than €30bn. Greek banks and hedge funds should be among the biggest investors. Moreover, the ECB probably still holds old government bonds – that were not swapped in the haircut – with a volume of around €35bnon its books.
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