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Greek bond yield up in Dec.

Δημοσίευση 15 Ιανουαρίου 2011, 12:38 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Greek bond yield up in Dec.
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Turnover in the Greek electronic secondary bond market shrank by around 70 pct in December to 268 million euros, from 926 million euros in November and 17.5 billion euros in December 2009, the Bank of Greece said on Friday.

Turnover in the Greek electronic secondary bond market shrank by around 70 pct in December to 268 million euros, from 926 million euros in November and 17.5 billion euros in December 2009, the Bank of Greece said on Friday.

The central bank, in a report, said average daily turnover was 11.7 million euros, down from 42.1 million euros in November 2010.
The report said that Greek state bond prices fell and yields rose in December, with the exception of the 30-year benchmark bond, whose price and yield remained unchanged compared with the previous month.

The five-year benchmark bond recorded the biggest increase (124 basis points), yielding 13.67 pct at the end of the month, while the three-year bond yield rose 110 bps to 14.33 pct. The 10-year benchmark bond yield rose 55 bps to 12.55 pct and the 15-year bond yield rose 46 bps to 11.10 pct.

The average daily yield spread between the 10-year Greek and German benchmark bonds widened slightly to 906 bps in December from 897 bps in November.