Positive sentiment remains in the bond market as investors discount another rate cut from the European Central Bank (ECB) before the expiration of the year.

This assessment is reinforced by statements and positions of European officials and central bankers. Today its head Central Bank of Finland and a member of the ECB Ollie Wren announced new interest rate cuts estimating that the ECB’s deposit rate will be at the so-called neutral level by the middle of next year. Analysts estimate the neutral deposit rate to be between 2.2% – 2.8% from 3.25% today.

It is recalled that the ECB has already cut interest rates three times this year as prices have fallen.

High trading activity was recorded in the domestic secondary bond market. The volume of transactions in its Electronic Transaction System Bank of Greece (HDAT) amounted to 64 million euros, of which 30 million euros were related to sales orders.

The yield of the Greek 10-year bond fell to 3.19% from , compared to 2.39% of the corresponding German bond, resulting in a margin of 0.85%