Greek bond market closing report

Greek state bonds came under pressure on Wednesday, hit by turmoil in south European markets on negative news coming from Italy. The domestic electronic secondary bond market was hit by a wave of selling pushing prices lower. The 10-year Greek benchmark bond yielded 4.38 pct, from 4.05 pct on Tuesday, and the German Bund yielded 0.61 pct. The yield spread between the 10-year Greek and German bonds widened to 3.77 pct from 3.42 pct the previous day. Turnover was 25 million euros of which 24 million were sell orders.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.188 pct, the nine-month rate was -0.219 pct, the six-month rate was -0.272 pct, the three-month rate was -0.326 pct and the one-month rate was -0.371 pct.

Source ANA-MPA
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