Greek bond market closing report

Greek bond yields surpassed the 11 pct level after the previous two week’s reprieve, as uncertainties over the details of a plan to rescuing over-indebted states such as Greece and the role of a European Financial Stability Fund, undermined sentiment in the Greek bond market. The yield spread between the 10-year Greek and German benchmark bonds widened to 789 basis points in the Greek electronic secondary bond market from 772 bps the previous day.

The Greek bond yielded 11.13 pct and the German Bund 3.24 pct. Turnover in the market totaled 40 million euros, of which 39 million were sell orders and the remaining 1.0 million euros were buy orders.

The six-month Treasury bill was the most heavily traded security with a turnover of 15 million euros.

In interbank markets, interest rates were largely unchanged. The 12-month rate was 1.68 pct, the six-month rate 1.33 pct, the three-month 1.07 pct and the one-month rate 0.90 pct.