The yield spread between the 10-year Greek and German benchmark bonds widened to 772 basis points in the Greek electronic secondary bond market on Monday, up from 760 bps on Friday, with the Greek bond yielding 10.97 pct and the German Bund 3.25 pct.

Turnover in the market was a low 17 million euros, of which 14 million euros were sell orders and the remaining 3.0 million were buy orders. The 10-year benchmark bond was the most heavily traded security with a turnover of 6.0 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate was 1.68 pct, the six-month rate 1.33 pct, the three-month rate 1.08 pct and the one-month rate 0.91 pct.