Goldman Sachs Says Buy Greek 30-Year Bonds Through ‘Bumpy’ Times

Goldman Sachs Group Inc. said investors should buy Greek 30-year government bonds as backstops from the European Union and central bank reduce the risk of owning the debt.

“With the European Central Bank likely to maintain its longer-term refinancing operations for a while,” the allure of this trade will “remain high,” Goldman Sachs analyst Michael Vaknin in London wrote today in an e-mailed research note. The “process might be bumpy at times,” he said.