The yield spread between the 10-year Greek and German benchmark bonds shrank to 13.25 pct in the domestic electronic secondary bond market on Tuesday, from 13.46 pct on Monday, with the Greek bond yielding 16.26 pct and the German Bund 3.01 pct. Turnover in the market improved to 31 million euros, of which 14 million euros were buy orders and the remaining 17 million euros were sell orders. The five-year benchmark bond was the most heavily traded security with a turnover of 17 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 2.13 pct, the six-month rate 1.71 pct, the three-month 1.43 pct and the one-month rate 1.22 pct.