Periphery insulated from Greece — for now

After a benign start to the week for sovereign and agency borrowers in the eurozone periphery in the aftermath of the Greek general election — allowing several issuers to print paper at record breaking low yields — the fears of a political standoff between the new Hellenic government and its European peers led to a softer tone mid-week. But public sector bankers remain confident that Greece’s problems are, in the short term, its own.