Bond prices across the eurozone recorded a slight upward correction today, after several days of continuous decline. Thus, the yield on the Greek 10-year bond was reduced to 2.64% from the 2.733% that had reached yesterday.
THE European Central Bank It is “very likely” that it will raise interest rates in 2022 to combat an unprecedented rise in prices in the eurozone, but it should not cause a stir as it will start, according to Board member Martins Kazaks, published by Bloomberg.
“It will depend on the data,” the head of Latvia’s central bank said in an interview. “We will see, but it is very likely to happen this year.”
By inflation to now exceed 5% after unexpected records in the last two months, the situation has become “clearer” for ECB policymakers, Kazaks said. “We see inflation far above what we have seen in the past and that shifts gravity.”
In the domestic market and more specifically in HDAT, transactions amounting to 89 million euros were recorded today, of which 42 million euros related to purchase orders. The yield on the 10-year bond closed at 2.69% from 2.72% yesterday against 0.26% of the corresponding German bond, resulting in a margin of 2.43% from 2.41% that closed yesterday.
In the foreign exchange market, the euro is falling slightly as it traded early in the afternoon at $ 1.1366 from the level of $ 1.1395 that the market opened. The indicative price for the euro / dollar exchange rate. announced by the ECB stood at $ 1.1345.
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