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Greece’s Bonds Beat Peers on Route to Market: Euro Credit

Greek and Portuguese government bonds beat their euro-region peers this quarter as the countries made progress toward returning to international credit markets.

The Hellenic Republic’s bonds returned 23 percent, the best performance among 34 sovereign debt markets tracked by Bloomberg World Bond Indexes. The European Commission predicts the Greek economy will grow in 2014 for the first time in seven years, and the nation is now looking to start selling debt again next month after achieving a budget surplus last year. Portugal’s bonds are the next-best earners, gaining 12 percent, as the country moves closer to exiting its bailout program.