At a new low in the last five years, today the margin of Greek 10 -year bonds have fallen over the corresponding German securities.

Specifically, in the closure of the BoG’s electronic market (HDAT), the margin of Greek 10 -year bonds stood at 0.42%.

President Trump’s decision to extend until July 9th the suspension of reciprocal duties in the EU favored the region’s bonds and in general the highest risk positions. On the contrary, the German bond yields were upward, thus limiting the distance between it.

It is recalled that US President Donald Trump withdrew his threat to impose a 50% duty on imports of products from the European Union in the US. Yesterday, Sunday, it appointed July 9th as a deadline for reaching Washington – Brussels.

The decision caused a mini rally in European markets, significantly boosting the euro exchange rate which reached the highest level (1,1419) against the dollar since April 30. The retreat came after European Commission President Ursula von der Laien assured him that more time was needed to reach an agreement.

It is noted that the EU It has already suffered a 25% US tariffs on its steel, aluminum and cars and the so -called 10% “reciprocal” duties that apply to almost all other goods and were due to increase to 20%.

In the secondary bond market today, and more specifically in the Bank of Greece’s electronic trading system (HDAT) of 60 million euros, € 40 million of which were for market orders and the remaining € 20 million in selling orders.

The Greek 10 -year bond yield stood at 3.35% against 2.93% of the corresponding German title, with the margin of 0.42%.