The yield spread between the 10-year Greek and German benchmark bonds remained above 900 basis points in the Greek electronic secondary bond market on Friday, with the Greek bond yielding 12.19 pct and the German Bund 3.17 pct. Turnover in the market was a low 69 million euros, of which 35 million were sell orders and the remaining 34 million euros were buy orders. The 10-year benchmark bond was the most heavily traded security with a turnover of 12 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 1.91 pct, the six-month rate 1.47 pct, the three-month rate 1.17 pct and the one-month rate 0.89 pct.