In the Greek market, the yield on the 10-year bond exceeded 4.7% during the day, recording an increase of 300 basis points (or 3% since the beginning of the year). The yield on the 5-year bond, which has exceeded 3.65%, is moving accordingly.
Bond yields are currently declining significantly, as rising inflation combined with the gradual reduction of liquidity (after the completion of quantitative easing programs) create an extremely negative climate.
The bonds of the European South are under stronger pressure, with the result that the margin of the Greek 10-year bonds against the German ones exceeds 3%.
In the Greek market the yield on the 10-year bond exceeded 4.7% during the day, recording an increase of 300 basis points (or 3% since the beginning of the year). The yield of the 5-year bond which has exceeded 3.65%.
It is noted that at the beginning of January 2022 the yield on the 10-year bond was around 1.7%. A similar range of growth in the Greek market has appeared since the end of 2015 – beginning – 2016.
Italian bonds also show a significant deterioration (the yield of the Italian 10-year has exceeded 4.4%), as the country has the second highest public debt after Greece.
In the Greek bond market at HDAT, transactions of 122 million euros were recorded, of which only 44 million euros related to purchase orders. The yield on the 10-year bond stood at 4.74%, from 4.34% at the end of last week, compared to 1.66% of the corresponding German bond, with the result that the margin widened to 3.08% from 2.92% which closed the manufacture.
In the foreign exchange market, the euro is falling against the dollar, breaking the $ 1.05 barrier. Early in the afternoon, the euro was trading at $ 1.0426 from the $ 1.0428 level that opened the market.
The indicative price for the euro / dollar exchange rate. announced by the ECB reached $ 1.0452.
