Government bond yields in the eurozone moved upwards today, ahead of tomorrow’s decision by the European Central Bank.

Bond prices came under pressure as investors discounted the ECB’s move to raise key interest rates again tomorrow, likely by 0.25%.

It is recalled that this is the eighth consecutive increase in interest rates since July last year, when the upward cycle was opened by the ECB.

On the contrary, investors are discounting that today the Federal Central Bank of the USA (Fed) will not increase its interest rates.

In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank of Greece, 260 million euros were recorded, of which 85 million euros related to purchase orders.

The yield on the Greek 10-year bond increased to 3.75% from 3.68% that closed yesterday, against 2.44% of the corresponding German bond, with the result that the margin was maintained at 1.31%.

In the foreign exchange market, the euro moves upwards against the dollar, with the result that in the afternoon the European currency trades at 1.0852 dollars from the level of 1.0823 dollars, which opened the market.