The yield spread between the 10-year Greek and German benchmark bonds widened sharply to 14.3 pct in the domestic electronic secondary bond market, from 13.66 pct on Friday, with the Greek bond yielding 17.31 pct and the German Bund 3.03 pct, reflecting market worries over developments in a Greek debt crisis.
Turnover in the market was a low 29 million euros of which 23 million euros were sell orders and the remaining six million were buy orders. The five-benchmark bond was the most heavily traded security with a turnover of 9.0 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 2.13 pct, the six-month rate was 1.74 pct, the three-month 1.47 pct and the one-month rate 1.27 pct.
Foreign Exchange rates - Wednesday
Reference buying rates per euro released by the European Central Bank:
U.S. dollar 1.466
Pound sterling 0.894
Danish kroner 7.570
Swedish kroner 9.255
Japanese yen 117.65
Swiss franc 1.229
Norwegian kroner 7.913
Canadian dollar 1.428
Australian dollar 1.377