The decline in German bond yields had the effect of widening the margin against Greek bonds.
Stabilizing trends prevailed today in the secondary market bonds.
However, German bonds moved higher, as data on the deceleration path of inflation in the US was quite encouraging, creating expectations for the completion of the upward cycle of interest rates.
The decline in German bond yields had the effect of widening the margin against Greek bonds.
In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank, transactions of 116 million euros were recorded, of which 78 million. euros were related to purchase orders.
The yield on the Greek 10-year bond stood at 4.05% from 4.04% yesterday against 2.54% of the corresponding German bond, with the result that the margin widened to 1.51% from 1.41%.
In the foreign exchange market, the euro moves upwards against the dollar, with the result that in the afternoon the European currency trades at 1.112 dollars. from the $1,101 level, which opened the market.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.