The yield spread between the 10-year Greek and German benchmark bonds widened to 1047 basis points in the Greek electronic secondary bond market on Friday, from 996 bps on Thursday, as speculation of a debt restructuring maintained pressures on Greek bonds. The Greek bond yielded 13.84 pct and the German Bund 3.37 pct. Turnover in the market was an increased 176 million euros of which 159 million euros were sell orders and the remaining 17 million were buy orders. The five-year bond was the most heavily traded security with a turnover of 59 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 2.10 pct, the six-month rate 1.63 pct, the three-month 1.33 pct and the one-month rate 1.16 pct.