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November 17, 2019
ECONOMY

Greek state bond market closing report


Greek state bond prices rose and yields fell in the domestic electronic secondary bond market on Tuesday. Traders said market sentiment was positive after the IMF cut its forecasts for the growth rate of the global economy to 3.0 pct this year (from a 3.2 pct estimate in July) and for Greece to 2.0 pct from 2.4 pct this year.

The 10-year Greek bond yield eased to 1.42 pct from 1.43 pct on Monday, with the German Bund yielding -0.45 pct. The yield spread between the 10-year Greek and German benchmark bonds was 1.87 pct (1.89 pct the previous day). Turnover was 25 million euros, of which 22 million were buy orders.

In interbank markets, interest rates were largely unchanged. The 12-month rate was -0.337 pct, the six-month rate was -0.387 pct, the three-month rate was -0.425 pct and the one-month rate was -0.474 pct.

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