The pressure on the prices of Greek government bonds continued today, with the result that their yields rose further.

The market saw extensive liquidations, which pushed prices to lower levels.

The largest European markets are also moving accordingly, with the yield on the 10-year German bond having shot up to the highest levels in the last ten years.

Both the Greek and the European markets are negatively affected by the large rise in the international price of oil and natural gas, which, combined with high interest rates, undermine growth.

In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank, transactions of 202 million euros were recorded, of which only 92 million euros related to purchase orders.

The yield of the Greek 10-year bond was 4.42% from 4.28% that closed yesterday, against 2.95% of the corresponding German bond, resulting in the spread to 1.47% from 1.45%.

In the foreign exchange market, the euro moves upwards against the dollar, with the result that in the afternoon the European currency trades at $1.0560. from the level of $1.054, which opened the market.