Speculation over a debt restructuring by Greece is harshly hitting the Greek debt market, with the yield spread between the 10-year Greek and German benchmark bonds widening to new record-high levels of 1,127 basis point.

In the domestic electronic secondary bond market, the Greek 10-year bond yielded 14.53 pct and the German benchmark yielded 3.26 pct. Turnover in the market was an improved 107 million euros, of which 99 million were sell orders and the remaining 8.0 million euros were buy orders. The five-year benchmark bond was the most heavily traded security with a turnover of 16 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.