Greece raised €3bn of five-year money yesterday in its first foray back into the bond markets since the eurozone debt crisis.
Mainstream emerging markets may have remained thoroughly out of favour this year, with developed nations driving global equity returns, but surprises can still be found in the top ten markets of 2013.
Argonaut founding partner Barry Norris has bought back into Greece for the first time since 2006 in the belief the country's banking sector is now a compelling opportunity.
Bond managers are buying back into European government debt, as worrying inflation figures revive fears the eurozone could sink into a period of Japan-style deflation.