The yield spread between the 10-year Greek and German benchmark bonds widened to 925 basis points in the Greek electronic secondary bond market on Tuesday, from 902 bps on Monday, with the Greek bond yielding 12.5 pct and the German Bund 3.25 pct. Turnover in the market was a low 52 million euros, of which 35 million were sell orders and the remaining 17 million euros were buy orders. The six-month Treasury bill was the most heavily traded security with a turnover of 10 million euros.
In interbank markets, interest rates moved slightly higher. The 12-month rate was 1.94 pct, the six-month 1.49 pct, the three-month rate 1.18 pct and the one-month rate 0.89 pct.