With the “eye” directed in Moody’s verdict on Friday the secondary bond market moves.

The international rating agency is expected to proceed with the planned review of the country’s creditworthiness. It is reminded that remains the only one of the great houses, which keeps the country’s credit rating below investment grade, even though last September it was upgraded to Ba1 category (one notch below investment grade) from Ba3 while keeping its outlook stable.

However, one of the main reasons, which negatively affected the prospects of the Greek economy, according to Moody’s, was the country’s high current account deficit, which, according to the latest data, was significantly reduced in 2023, by 33.5% compared to 2022.

In any case, the market seems to have discounted a positive move on this front, as the spread of the Greek 10-year bonds against their German counterparts has declined and is consistently below 1%, while the Italian counterparts are trading with a spread of 1.27%.

In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank, transactions of 118 million euros were recorded, of which 27 million euros related to purchase orders.

The yield of the Greek 10-year bond increased marginally to 3.27% from 3.26% which closed yesterday, against 2.33% of the corresponding German title, resulting in a margin of 0.94%

In the foreign exchange market, the euro moves down against the dollar, with the result that in the afternoon the European currency trades at 1.0908 dollars. from the $1.0943 level, which opened the market.