News Headline Summary

Following S&P's upgrade of Greece to B- from Selective Default and the ECB confirming that Greek debt is now eligible for use as collateral Greek yields have seen a continued decline and there has been strength in the Athens stock exchange ...

Update details:

- The yield of the Greek 10-year briefly dropped below 11.000% although currently trades around 11.250%, falling 125bps on the day.
- The Greek ASE Index opened higher and currently is holding on to gains of 4.00%.
- Financials is the top performing sector in Greece, currently trading up 8.19%.

Print 14:26, 19 Dec 2012 - Market Analysis - Source: RANsquawk