With a slight correction, bond prices closed the week after the rise of the last few days, as a result of which the yield of the 10-year bond was above 4%. However, the spread of Greek bonds against German bonds remains close to the lowest levels of the last 12 months.

Lagarde’s statements also contributed to this development, as the head of the European Central Bank argued that interest rates should be kept at a high level long enough to deal with high inflation.

Christine Lagarde from Madrid said: “We should still have high interest rates consistently. So it’s a time where we really have to commit and look at this goal that we have and achieve it.”

It is noted that the markets are already discounting a new increase in interest rates by 0.25% at the ECB meeting in June and possibly one more by the end of the summer. The reversal of this course with the first reductions in interest rates is timed for the beginning of next year.

“We are heading for more nuanced decisions going forward, but we will be bold and take the decisions needed to bring inflation back to 2 percent. And we will, there’s no doubt about it.” the head of the ECB pointed out.

In the domestic bond market, and more specifically in HDAT, transactions of 98 million euros were recorded today, of which 32 million euros related to purchase orders.

The yield on the Greek 10-year bond stood at 4.04%, from 3.99% yesterday against 2.42% of the corresponding German bond, resulting in a spread of 1.62%.

In the foreign exchange market, the euro is strengthening against the dollar today, as the European currency was trading at $1.0814 in the early afternoon from the level of $1.0798 that opened the market.

The indicative euro/dollar exchange rate announced by the European Central Bank was formed at $1.0808