The yield spread between the 10-year Greek and German benchmark bonds widened to 949 basis points in the Greek electronic secondary bond market on Tuesday, with the Greek bond yielding 12.79 percent and the German Bund 3.30 percent. Turnover in the market was a low 23 million euros, of which 19 million euros were sell orders and the remaining 4.0 million euros were buy orders. The five-year benchmark bond was the most heavily traded security with a turnover of 7.0 million euros. In interbank markets, interest rates continued moving higher. The 12-month rate was 1.98 percent, the six-month rate 1.53 percent, the three-month 1.21 percent and the one-month rate 0.94 percent.
source: ANA
