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AAII Investor Update: Greek Bonds and the Risks of Speculation

Greece is making progress with its bondholders on a debt swap. Under the program, holders of Greek bonds will exchange their securities for new bonds with longer maturities, lower interest rates and face values that are over 50% lower than those of the existing bonds. Greece is required to complete the swap in order to get new loans from the European Union and the International Monetary Fund. We’ll know whether the Greek government’s targeted participation rate of 90% is reached tomorrow morning at 1:00 a.m. Eastern time.

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