The yield spread between the 10-year Greek and German benchmark bonds remained above 900 basis points in the Greek electronic secondary bond market on Wednesday, with the Greek bond yielding 11.68 pct and the German Bund 2.59 pct. Turnover in the market was a thin 12 million euros of which 9 million were buy orders and the remaining 3.0 million euros were sell orders. The 10-year benchmark bond was the most heavily traded security with a turnover of 4.0 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 1.54 pct, the six-month 1.27 pct, the three-month rate 1.04 pct and the one-month rate 0.84 pct.