The yield spread between the 10-year Greek and German benchmark bonds shrank further to 13.28 pct in the domestic electronic secondary bond market on Wednesday, from 13.44 pct on Tuesday, with the Greek bond yielding 16.25 pct and the German Bund 2.97 pct. Turnover remained a low 10 million euros of which 6.0 million euros were buy orders and the remaining 4.0 million euros were sell orders. The 10-year benchmark bond was the most heavily traded security with a turnover of 6.0 million euros.
In interbank markets, interest rates moved higher. The 12-month rate rose to 2.15 pct, the six-month rate rose to 1.77 pct, the three-month rate rose to 1.53 pct and the one-month rate was unchanged at 1.31 pct.