The yield spread between the 10-year Greek and German benchmark bonds widened slightly to 932 basis points in the Greek electronic secondary bond market on Monday, from 928 bps on Friday, with the Greek bond yielding 12.615 pct and the German Bund 3.29 pct.
Turnover in the market was a low 6.0 million euros of which 4.0 million were sell orders and the remaining 2.0 million euros were buy orders. The five-year benchmark bond was the most heavily traded security with a turnover of 2.0 million euros.
In interbank markets, interest rates moved slightly higher. The 12-month rate was 1.96 pct, the six-month rate 1.51 pct, the three-month rate 1.20 pct and the one-month rate 0.91 pct.