Greek 10-year bond yield falls to new historic lows on Monday

Investors in the state bond market reacted positively to Sunday’s election results, pushing bond yields to new historic lows on Monday. The 10-year bond yield fell to 3.019 pct – a new all-time record low – early in the session before rising again to 3.12 pct as several investors took profits in the domestic electronic secondary bond market. The 10-year bond yield is down around 24 basis points compared with Friday’s closing level. The five-year bond yield dropped to 1.89 pct from 2.08 pct on Friday. The yield spread between the 10-year Greek and German benchmark bonds shrank to 3.25 pct from 3.47 pct last week.