Conditions improved in the Greek state bond market on Wednesday pushing the 10-year bond yield spread below 4.0 pct. The yield spread between the 10-year Greek and German benchmark bonds eased to 3.92 pct from 4.13 pct on Tuesday, with the Greek bond yielding 4.47 pct (4.67 pct the previous day) and the German Bund yielding 0.54 pct. Turnover was 24 million euros of which 18 million were buy orders.
In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.156 pct, the nine-month rate was -0.209 pct, the six-month rate was -0.267 pct, the three-month rate was -0.318 pct and the one-month rate was -0.371 pct.