Japonica Says Greek Government Bond Yields Falling to 5% in 2014

Japonica Partners & Co., the U.S. investment firm that offered to buy as much as 4 billion euros ($5.5 billion) of Greek government bonds, expects yields on the securities to drop to 5 percent early next year, a level last seen in 2009.

“Greece has accomplished what most would have thought was impossible,” founder Paul Kazarian said today in his first public comments since the firm announced its tender offer in June. The market has been “almost certainly wrong, particularly in comparison to euro-zone peers.”