The yield spread between the 10-year Greek and German benchmark bonds shrank to 936 basis points in the Greek electronic secondary bond market on Friday, from 957 bps on Thursday, with the Greek bond yielding 12.73 pct and the German Bund 3.37 pct.

Turnover in the market was a low 25 million euros, of which 16 million were buy orders and the remaining 9.0 million were sell orders. The five-year benchmark bond was the most heavily traded security with a turnover of 11 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate was 2.01 pct, the six-month rate 1.55 pct, the three-month 1.24 pct and the one-month rate 0.98 pct.