The yield spread between the 10-year Greek and German benchmark bonds shrank further to 12 pct in the domestic electronic secondary bond market on Tuesday, with the Greek bond yielding 15.25 pct and the German Bund 3.26 pct. Turnover in the market was a low 42 million euros, of which 26 million were sell orders and the remaining 16 million euros were buy orders. The three-year benchmark bond was the most heavily traded security with a turnover of 8.0 million euros.
In interbank markets, interest rates moved slightly higher. The 12-month rate was 2.14 pct, the six-month rate 1.68 pct, the three-month 1.40 pct and the one-month rate 1.25 pct.