The trend of Greek bonds is consistent with similar bonds in the eurozone, and earlier Fitch upgraded their credit rating.

The trend of Greek government bonds is in line with similar bonds in the Eurozone. Previously, Fitch International Ratings upgraded Greece's credit rating from BBB- to BBB with a stable outlook. Fitch pointed out that Greece has made progress in reducing its debt, and predicted that the country's general government debt-to-GDP ratio will decrease by 10 percentage points by 2024, and then another 9 percentage points by 2025 to 145%. The rating agency stated, "We expect that debt will continue to decline rapidly in the medium term, reaching close to 120% by 2030 in our baseline scenario, benefiting from 4% nominal GDP growth and a primary surplus of 3.5% of GDP after 2027." According to Tradeweb's data, the yield on 10-year Greek bonds rose by 0.8 basis points to 3.357%, while the yield on 10-year German bonds rose by 0.6 basis points to 2.717%.