Greek bond market closing report

Uncertainty over developments in the Greek debt crisis kept yield spreads under pressure in the domestic electronic secondary bond market on Wednesday. The yield spread between the 10-year Greek and German benchmark bonds widened to 13.77 pct, from 13.58 pct on Tuesday, with the Greek bond yielding 16.79 pct and the German Bund 3.02 pct. Turnover in the market was an extremely low 14 million euros, of which 11 million were sell orders and the remaining 3.0 million euros were buy orders. The five-year benchmark bond was the most heavily traded security with a turnover of 13 million euros.
In interbank markets, interest rates were largely unchanged. The 12-month rate was 2.14 pct, the six-month rate 1.71 pct, the three-month rate 1.43 pct and the one-month rate 1.24 pct.