Limited pressures and rising yields are observed in the market of bonds.

Despite the uncertainty caused by the escalating crisis in the Middle East and the subsequent negative consequences on the inflation front, the front pushing for a reduction in interest rates within the European Central Bank (ECB) remains tense.

Speaking today from Washington, where the Spring Meeting of the International Monetary Fund (IMF) is taking place, ECB member and Governor of the Central Bank of Slovenia, Bostjan Vasle, said that the European Central Bank’s deposit rate should be “much closer » to 3% by the end of the year from a record high of 4% today, if deflation continues as expected.

In the meantime, the Ministry of Finance will proceed next Wednesday with the scheduled auction of six-month interest-bearing bills (26 weeks). Their yield, according to analysts, is estimated to be maintained at the level of 3.75%, which was formed in the previous auction in March.

In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank, transactions of 77 million euros were recorded, of which 18 million euros related to purchase orders.

The yield on the Greek 10-year bond stood at 3.52% from 3.44% yesterday versus 2.46% for the corresponding German bond, bringing the spread to 1.06%

In the foreign exchange market, the euro moves downwards against the dollar in the afternoon, with the result that the European currency trades at $1.0655 in the afternoon from the level of $1.0690 that opened the market.