The yield spread between the 10-year Greek and German bonds was stable in the Greek electronic secondary bond market on Monday, at 889 basis points from 891 bps on Friday, with the Greek bond yielding 11.44 pct and the German Bund 2.55 pct.
Turnover in the market was a low 30 million euros, of which 14 million were buy orders and the remaining 16 million were sell orders. The 10-year benchmark bond was the most heavily traded security with a turnover of 19 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 1.54 pct, the six-month rate 1.27 pct, the three-month rate 1.04 pct and the one-month rate 0.85 pct.