bonds

New rally for the Greek bonds - Yields fell to new record lows

Greek state bond prices rallied and yields fell to new record lows in the domestic electronic secondary bond market on Friday.

Greek state bond prices rallied and yields fell to new record lows in the domestic electronic secondary bond market on Friday.

The 10-year bond yield fell to 1.308 pct from 1.34 pct on Thursday, only to recover to 1.35 pct later in the afternoon. The yield spread between the 10-year Greek and German benchmark bonds was 1.92 pct with the German Bund yielding -0.52 pct. Turnover was 35 million euros of which 11 million were buy orders.

In interbank markets, interest rates moved lower. The 12-month rate was -0.353 pct, the six-month rate was -0.433 pct, the three-month rate was -0.431 pct and the one-month rate was -0.460 pct.

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