Greek bond market closing report

A wave of selling hit the domestic electronic secondary bond market on Thursday, pushing bond yields to new highs. The Greek market was affected by a negative climate which prevailing in global bond markets following a surge of the US 10-year bond yield to 3.2 pct, its highest levels since 2011.

The yield spread between the 10-year Greek and German benchmark bonds widened to 4.03 pct from 3.84 pct on Wednesday, with the Greek bond yielding 4.54 pct and the German Bund yielding 0.51 pct. Turnover was 28 million euros of which 19 million euro were sell orders.

In interbank markets, interest rates were mixed. The 12-month rate was -0.158 pct, the nine-month rate was -0.209 pct, the six-month rate was -0.267 pct, the three-month rate was -0.317 pct and the one-month rate was -0.371 pct.

Source ANA-MPA
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