Greek bond yields rise in November

Both turnover and prices fell significantly in the Greek electronic secondary bond market in November, the Bank of Greece said on Monday. In a monthly report, the central bank said state bond prices suffered significant losses in November, with the three-year benchmark bond return rising by 2.59 pct. Turnover in the market shrank by 52 pct to 926 million euros, from 1.94 billion euros in October, while average turnover fell to 42.1 million euros, from 97.1 million euros in October.

All Greek state securities’ returns rose significantly in the month, with the three-year benchmark bond yield rising to 13.23 pct, while the 10-year benchmark bond yield rose to 12 pct.

The average yield spread between the 10-year Greek and German benchmark bonds rose to 930 basis points in November from 820 bps a month earlier. Greece successfully auctioned three- and six-month Treasury bills with yields rising to 4.10 pct and 4.82 pct, respectively.