The yield spread between the 10-year Greek and German benchmark bonds widened to 940 basis points in the Greek electronic secondary bond market on Wednesday, with the Greek bond yielding 12.79 pct and the German Bund 3.38 pct.

Turnover in the market was a low 13 million euros of which 10 million euros were sell orders and the remaining 3.0 million 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 1.99 pct, the six-month rate 1.54 pct, the three-month rate 1.23 pct and the one-month rate 0.96 pct.