Stalled Greece Talks Evoke 2009 Memories as Greylock Sees Carry
- Delay in rescue package seen raising sovereign default risk
- Bond yields surge as Commerzbank sees volatility as a given
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Greece’s stalled rescue package presents at once a challenge for the nation and a possible opportunity for investors.
The government needs to show urgency to revive the talks that ended in disagreement on Thursday or face an increased risk of a sovereign default, according to private bank Berenberg. The selloff in bonds following news of the breakdown in talks may present entry points for savvy investors, according to Commerzbank AG, while Greylock Capital Management says the securities offer adequate risk-adjusted carry.