The bonds come out of the trade war declared by US President D. Trump after the imposition of high duties. From this development it appears that the bond market, which continued its upward course yesterday, will be the big winner.

The risk of recession, as a result of this policy, turns investors to “bond security” and as a result their prices are moving upward. It is indicative that in the US, where there is a greater risk that the economy will slip into recession (JP Morgan yesterday increased the chances of recession to 60%from 40%) the 10 -year bond yield fell below 4%, for the first time since last October. Markets foretell that the US Federal Bank (FED) will be forced to reduce its interest rates by 0.9% by the end of the year.

Goldman Sachs, Barclays, Royal Bank of Canada and Societe Generale have already reduced their forecasts for the end of the year for 10 -year bond yields.

Depending on European bond markets, accordingly today. Especially in the eurozone where investors discount another interest rates from the ECB in April. Purchases now discount three more interest rates cuts by the ECB (from two estimated prior to the imposition of duties) as they estimate that the imposition of duties will deprive at least 1% of the eurozone GDP this year, resulting in (if these provisions are confirmed), the ECB’s main interest rate is up to 2% to 2%.

In the secondary bond market today, and more specifically in the Bank of Greece’s electronic trading system (HDAT), transactions of EUR 258 ​​million were recorded, of which € 91 million were for market orders.

The Greek 10 -year bond yield stood at 3.42%, compared to 2.56%of the corresponding German title, with the margin of 0.86%.