The yield spread between the 10-year Greek and German benchmark bonds increased to 893 basis points in the Greek electronic secondary bond market on Friday, with the Greek bond yielding 11.62 pct and the German Bund 2.69 pct. Turnover in the market was 19 million euros of which 9 million were buy orders and the remaining 10 million euros were sell orders. The 3-year benchmark bond was the most heavily traded security with a turnover of 3.0 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.

 

Foreign Exchange rates - Saturday/Monday

 

Reference buying rates per euro released

by the European Central Bank:

U.S. dollar

1.378

Pound sterling

0.862

Danish kroner

7.515

Swedish kroner

9.469

Japanese yen

115.0

Swiss franc

1.371

Norwegian kroner

8.265

Canadian dollar

1.406

Australian dollar

1.401