The performance of the Greek 10-year fell below the corresponding Italian title
At a lower cost, the loan is preferred Hellas from Italy, as the yield on the Greek ten-year bond fell below that of the corresponding Italian bond.
The political developments in Italy combined with the general uncertainty prevailing in the markets had the effect of driving the yield of the Italian 10-year bond to 3.35%. On the other hand, the announcement of the ECB on the creation of the new bond protection mechanism, contributed to the decline in the yield of the Greek 10-year bond to 3.04%.
In any case, the climate for bonds after the current revision of its forecasts IMF for the global economy it is more favorable as investors flock to them for greater security. It is indicative that the German 10-year bond yield fell below 1% today.
It is recalled that the IMF revised down its forecasts for global GDP both for this year (to 2.6%) and for 2023 (2%), citing gloomy prospects.
In HDAT, transactions of 108 million euros were recorded, of which 62 million euros related to purchase orders. The yield on the 10-year bond formed at 3.05% from 3.08% against 0.92 of the corresponding German title resulting in the spread at 2.13% from 2% that closed yesterday.
In the foreign exchange market, the euro is moving down today, as a result of which it is trading in the early afternoon at 1.02128 dollars from the level of 1.022 dollars that opened the market. The indicative price for the euro/dollar exchange rate announced by the ECB was 1.0124 dollars.
RES-EMP
View the news feed and get the latest news.
