The yield spread between the 10-year Greek and German benchmark bonds widened further to 839 basis points in the Greek electronic secondary bond market on Tuesday, with the Greek bond yielding 11.68 pct and the German Bund 3.29 pct. Turnover in the market rose to 87 million euros, of which 74 million euros were sell orders and the remaining 13 million euros were buy orders. The five-year benchmark bond was the most heavily traded security with a turnover of 14 million euros.

In interbank markets, interest rates moved slightly higher. The 12-month rate was 1.72 pct, the six-month rate was 1.35 pct, the three-month 1.09 pct and the one-month rate 0.91 pct.

Foreign Exchange rates - Wednesday

Reference buying rates per euro released

by the European Central Bank:

U.S. dollar

1.361

Pound sterling

0.844

Danish kroner

7.516

Swedish kroner

8.795

Japanese yen

114.12

Swiss franc

1.322

Norwegian kroner

7.896

Canadian dollar

1.342

Australian dollar

1.361