Greek bond market closing report

Markets continued their pressure on Eurozone’s regional debt despite soothing words by European Central Bank officials and a pledge by the Greek government to promote an ambitious 50-bln-euro privatization program. The yield spread between the 10-year Greek and German benchmark bonds widened to 14.02 pct in the domestic electronic secondary bond market on Monday, from 13.57 pct on Friday, with the Greek bond yielding 17.04 pct and the German Bund 3.02 pct. Turnover in the market remained a low 41 million euros, of which 31 million euros were sell orders and the remaining 10 million were buy orders. The five-year benchmark bond was the most heavily traded security with a turnover of 18 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate was 2.15 pct, the six-month rate 1.71 pct, the three-month 1.43 pct and the one-month rate 1.24 pct.

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