Pending the auction on Wednesday January 17th the secondary bond market moves.

The Greek State will go to the markets for the reissuance of a bond, the duration of which has not yet been announced, while next week (24/1) it will issue 26-week Interest Bonds.

The issuances come amid statements by the European Central Bank’s so-called policymakers to “freeze” interest rates in 2024, even though the market has already priced in four cuts within the year, amounting to a cumulative cut of 1.5%.

Austrian Central Banker Robert Holzmann characteristically stated that “We should not count on a rate cut in 2024 at all.”

For his part, German Central Bank chief Joachim Nagel told Bloomberg TV that it is too early for the European Central Bank to discuss cutting interest rates because inflation remains high,

In the Electronic Transaction System of the Bank of Greece (HDAT) transactions of 66 million euros were recorded, of which 33 million euros related to purchase orders. The yield on the benchmark 10-year bond stood at 3.30% versus 2.19% for the corresponding German bond, bringing the spread to 2.11.

In the foreign exchange market, the euro-dollar exchange rate is showing stabilizing trends, as the European currency traded early in the afternoon at $1.0946 from the level of $1.0948 that opened the market.