Greek bond market closing report
The yield spread between the 10-year Greek and German benchmark bonds fell significantly to 7.04 pct in the domestic electronic secondary bond market on Monday, from 7.32 pct on Friday, with the Greek bond yielding 7.59 pct and the German Bund yielding 0.56 pct. Market sentiment was encouraged after the Greek Parliament voted the first package of prior actions agreed with its creditors, paving the way for the disbursement of a sub-installment of 2.0 billion euros. Turnover was a thin 5.0 million euros, all buy orders.
In interbank markets, interest rates continued moving lower. The 12-month rate fell to 0.128 pct from 0.129 pct, the nine-month rate was 0.066 pct, the six-month rate fell to 0.019 pct from 0.022 pct, the three-month rate fell to -0.054 pct from -0.051 pct and the one-month rate fell to -0.117 pct.
