Greek bond prices sharply up, ASE under pressure in midday

Greek bond yields continued rising on Monday, following a similar trend in other European markets on worries over developments in a Eurozone debt crisis.
The Greek two-year bond yielded 49.47 pct, while the 10-year benchmark bond yielded 17.28 pct. The yield spread between the 10-year Greek and German benchmark bonds widened to 15.36 pct, while the Greek CDS rose to 23.5 pct.
Prices remained under pressure also on the Athens Stock Exchange with the composite index of the market testing new year lows around 866.61 points in midday trading. Bank shares were at the focus of selling activity.

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