The performance of Greek government bonds defies the ratings of S&P, Moody's, and Fitch, according to Matthew Winkler. The relationship between total debt-to-GDP and bond yields is negative due to central banks' role in maintaining debt sustainability, contrary to traditional teachings. The Chief Secretary to the Treasury, Laura Trott, faced criticism for not acknowledging the rising debt during an interview.
Evan Davis schools the Chief Secretary to the Treasury, Laura Trott, on debt to GDP. ED: This is really basic... I'm amazed you don't know that debt is rising LT: I've got different figures #bbcpm https://t.co/ujVfOybVcv
The Tories’ Chief Secretary to the Treasury, who is supposed to know these things, didn’t seem to know that debt was rising, in a car crash interview with @EvanHD on #PM just now. 🤔
🇬🇷 When it comes to government bonds, the performance of Greek debt shows it pays to ignore S&P, Moody’s and Fitch, @Matthew_Winkler writes https://t.co/KcdU6taO63 https://t.co/7mFTtjwIWb
Unlike what you learn at school, the relationship between (total) #debt-to-GDP and bond #yields is negative! The reason for this is simple: #centralbanks and their task to maintain debt sustainability. https://t.co/B7EVMw5nCe https://t.co/0ZebeKi6Nz
When it comes to government bonds, the performance of Greek debt shows it pays to ignore S&P, Moody’s and Fitch, says @Matthew_Winkler https://t.co/BSbs9zX5Cm via @opinion
When it comes to government bonds, the performance of Greek debt shows it pays to ignore S&P, Moody’s and Fitch, says @Matthew_Winkler https://t.co/E7oaXpCN8y