The yield spread between the 10-year Greek and German benchmark bonds shrank spectacularly in the domestic electronic secondary bond market on Thursday on hopes of a concrete response by the EU on the Greek debt crisis, with the spread falling at 13.36 pct from 14.30 pct on Wednesday. The Greek bond yielded 16.24 pct and the German Bund 2.88 pct.
Turnover in the market rose to 74 million euros, of which 62 million were buy orders and the remaining 12 million euros were sell orders. The five-year benchmark bond was the most heavily traded security of the session with a turnover of 1.0 million euors.
In interbank markets, interest rates moved lower. The 12-month rate was 2.17 pct, the six-month rate 1.81 pct, the three-month rate 1.60 pct and the one-month rate 1.44 pct.