Greek bond yields in the secondary market are kept at low levels. The interest is now located on June 9, when the international rating agency Fitch is expected to proceed in reviewing the country’s credit rating.

The yield of the Greek 10-year bond formed at 3.76% from 3.74% which closed yesterday, while in the early afternoon it fell to 3.69%, against 2.25% of the corresponding German title, with the result that the margin (spread) was formed at 1.51%.

However, already in the market, Greek bonds tend to be consolidated, trading with yields lower than Italian (4.1%) and closer to Spanish (3.3%).

Despite this, the European Central Bank constantly “reminds” that the upward cycle of interest rates is not yet closed. The president of the ECB, Christine Lagarde, said today that inflation in the Eurozone remains very high, so further tightening of the Central Bank’s policy is necessary.

ECB Vice-President Luis de Guidos, who moved on the same wavelength, argued that inflation clearly shows that it is slowing down, however, as he said “we are still very far from our inflation target of around 2% in the medium term”.

For this reason, he underlined that a large part of the route (increasing interest rates) has been completed, but there is still the final stretch.”

“The size of rate hikes and the number of them will depend on the data we get (..) Last month we already did (an increase by) 25 basis points, so 25, I think, is the new norm,” he said the vice-president of the ECB.

In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank of Greece, transactions of 46 million euros were recorded, of which 28 million euros related to purchase orders.

In the foreign exchange market the euro is moving up against the dollar with the result that in the afternoon the European currency traded at 1,073.7 dollars from the level of 1.0728 dollars, which opened the market.