The yield spread between the 10-year Greek and German benchmark bonds widened to 942 basis points in the Greek electronic secondary bond market on Monday, from 930 bps on Friday, with the Greek bond yielding 12.9 pct and the German Bund 3.48 pct. Turnover in the market was a low 34 million euros, of which 32 million were sell orders and the remaining 2.0 million euros were buy orders. The 12-month Treasury bill was the most heavily traded security with a turnover of 12 million euros.

In interbank markets, interest rates moved higher. The 12-month rate was 2.01 pct, the six-month rate was 1.61 pct, the three-month 1.31 pct and the one-month rate 1.11 pct.