The yield spread between the 10-year Greek and German benchmark bonds widened to 882 basis points in the Greek electronic secondary bond market on Tuesday, from 870 bps on Monday, with the Greek bond yielding 11.99 pct and the German Bund 3.17 pct. Turnover in the market rose slightly to 53 million euros, of which 52 million euros were sell orders and only one million were buy orders. The five-year benchmark bond was the most heavily traded security with a turnover of 20 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 1.77 pct, the six-month was 1.37 pct, the three-month rate was 1.09 pct and the one-month rate 0.86 pct.