The French Central Banker Villeroy has indirectly announced a new interest rate reduction, resulting in the basic deposit rate to drop to 2%
The positive climate in the bond market is maintained as rehearsal Expectations for new interest rates reduction by the European Central Bank.
One week before the ECB’s Board of Directors meeting, the French central banker Villeroy, who participates in it, said today that “normalization of interest rates has not yet been completed”.
He even announced that the ECB’s Board of Directors may be moved next week (June 5), implying indirectly except for a new interest rate decline, resulting in the basic deposit rate falling from 2.25% to 2%.
In the domestic bond market, although prices have been upward following the general trend of European markets, the 10 -year bond margin after yesterday’s “dive” came to 0.7%today.
In the secondary bond market today, and more specifically, the Bank of Greece’s electronic trading system (HDAT) recorded € 145 million of which € 75 million were for market orders and the remaining EUR 70 million in sale orders.
Greek 10 -year bond yield fell to 3.30% from 3.35% against 2.53% of the corresponding German title, with the margin of 0.77% from 0.42%.
Source: Skai
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