The bond market shows a slightly improved picture today as prices recovered after yesterday’s big decline.

Despite today’s improvement, sentiment remains negative both domestically and in the larger Eurozone markets, as the expectation among investors that the European Central Bank will keep interest rates at high levels for a longer period of time, despite the decline in inflation, is solidifying.

It is noted that according to the data announced today in the Eurozone, inflation fell to the lowest point of the last 12 months.

Greek bonds were positively affected by the upward revision of the forecasts of the Canadian house DBRS for Greece.

The rating agency, which a few days ago raised the country’s credit rating to investment grade, improved its estimates for the growth prospects of the Greek economy, predicting that Greek GDP will grow at a rate of 1.9% this year, by 0.4 % higher than the previous estimate that the house had formulated in June. However, it keeps its 2024 growth forecast unchanged at 1.5%.

In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank, transactions of 54 million euros were recorded, of which only 30 million euros related to purchase orders.

The yield of the Greek 10-year bond stood at 4.34% from 4.42% that closed yesterday, against 2.82% of the corresponding German bond, with the result that the margin was set at 1.52% from 1.47%.

In the foreign exchange market, the euro moves upwards against the dollar, with the result that in the afternoon the European currency trades at $1.0575. from the $1,061 level, which opened the market.