Greek state bond prices rallied and yields fell to new historic lows in the domestic electronic secondary bond market on Thursday, after a Moody’s report which was seen by the market as a pre-announcement of an upgrade of the country’s credit rating.
The 10-year bond yielded 1.155 pct from 1.19 pct on Wednesday, with the yield spread between the 10-year Greek and German benchmark bonds rising slightly to 1.59 pct from 1.57 pct. Turnover was a thin 4.0 million euros, all buy orders.
In interbank markets, interest rates were mixed. The 12-month rate was -0.276 pct, the six-month rate was -0.339 pct, the three-month rate was -0.401 pct and the one-month rate was -0.44 pct