Market Turmoil – Greek 10-Year Bond Yield Rises 4% in One Day

A scene of intense turbulence is taking shape today Wednesday in the markets against the background of the energy crisis, but also the statements of the president of the ECB Christine Lagarde with which it heralds successive interest rate hikes.

They have been under intense pressure since the morning bond markets in the eurozone, including the Greek one.

The yield on the Greek 10-year bond showed a 4% increase compared to yesterday Tuesday, reaching the secondary bond market a while ago the 5.05%, under the burden of liquidations. The corresponding German bond yielded 2.33%. Thus the margin between Greek – German bonds exceeded 2.72%.

Large fluctuations are also recorded today in the price of natural gas. From the 213 euros per megawatt hour that it was in the morning, it fell to 197 euros, to reach again a little while ago above 200 euros per megawatt hour. (203,995)

At a two-year low European stock markets are moving. A drop of more than 2% was recorded in Frankfurt, at 2% in London, close to 2% in Paris.

A new increase of 13%, the price of natural gas registers today, which stands at 212 euros per megawatt hour.

The climate in the bond market is negatively charged as a new large increase in interest rates by the European Central Bank in October is discounted after and from relevant statements by Ms. Lagarde.

It is indicative that the governor of the Central Bank of Slovakia, Petar Kazmir, said a while ago, according to Reuters, that the ECB is likely to increase its interest rates by 0.75% next month. It is recalled that the ECB has already raised its interest rates twice by 1.25%while Christine Lagarde has pledged that increases will continue until interest rates reach the so-called “neutral” level.

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