The yield spread between the 10-year Greek and German benchmark bonds shrank to 922 basis points in the Greek electronic secondary bond market, from 936 bps on Friday, with the Greek bond yielding 12.59 pct and the German Bund 3.37 pct.

Turnover in the market was a low 23 million euros, of which 19 million were buy orders and the remaining 4.0 million were sell

orders. The 30-year benchmark bond was the most heavily traded security with a turnover of 8.0 million euros.

In interbank markets, interest rates moved further up. The 12-month rate was 2.01 pct, the six-month rate 1.55 pct, the three-month 1.25 pct and the one-month rate 0.99 pct.

Foreign Exchange rates – Tuesday

Reference buying rates per euro released by the European Central Bank:

U.S. dollar

1.435

Pound sterling

0.888

Danish kroner

7.516

Swedish kroner

9.059

Japanese yen

120.52

Swiss franc

1.323

Norwegian kroner

7.883

Canadian dollar

1.382

Australian dollar

1.383