The yield spread between the 10-year Greek and German benchmark bonds shrank to 13.58 pct in the domestic electronic secondary bond market on Tuesday, from 14.02 pct the previous day, as the market reacted positively to the announcement of a Medium-term Fiscal Strategy Framework by the Greek government. The Greek bond yielded 16.63 pct and the German Bund 3.05 pct.
Turnover in the market was a low 36 million euros, of which 27 million euros were buy orders and the remaining 9.0 million euros were sell orders. The five-year benchmark bond was the most heavily traded security with a turnover of 14 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 rate 1.43 pct and the one-month rate 1.24 pct.