The yield spread between the 10-year Greek and German benchmark bonds widened further to 868 basis points in the Greek electronic secondary bond market on Wednesday, from 839 bps the previous day, with the Greek bond yielding 11.80 pct and the German Bund 3.22 pct. Turnover in the market was a low 59 million euros, of which 14 million euros were sell orders and the remaining 45 million were buy orders. The seven-year benchmark bond was the most heavily traded security with a turnover of 22 million euros.
In interbank markets, interest rates were largely unchanged. 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 pc