JPMorgan Loses Conviction in Greek Bonds as Endgame Approaches
This article is for subscribers only.
The risk of Greece missing a debt payment is driving away even some of the most faithful advocates of its debt.
JPMorgan Chase & Co. was for most of this year a champion of Greece’s long-dated government bonds, even as a flare-up in the country’s debt crisis once again raised the prospect of default and euro exit.