Significant de-escalation in bond yields today after the “verdict” of upgrading the Greek economy by Fitch last Friday.

It should be noted that after the upgrade by Fitch to investment grade (BBB-), Greek bonds can now be included in the European indices, which are followed in their positions by the so-called “passive investors”.

It is estimated that this development will create an additional demand for Greek bonds in the range of 6 to 10 billion. euro.

In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank, transactions of 144 million euros were recorded, of which 78 million euros related to purchase orders.

The yield on the Greek 10-year bond fell to 3.56% from 3.63% that closed at the end of the previous week versus 2.34% of the corresponding German bond, bringing the spread to 1.22%1.21%.

In the foreign exchange market, the euro moves down against the dollar, with the result that in the afternoon the European currency trades at $1.0817. from the $1.0992 level, which opened the market.