In the “calm reign” the domestic market for government bonds continues to move, despite the vibrations observed in international markets.
In the secondary market there are no mass fluidizations, resulting in the performance of the 10 years of bond to move marginally higher (3.36%) compared to previous week (3.33%) and margin over German Titles to shrink.
The fireplace where it triggers markets with negative developments is France, especially after the deterioration of its credit rating Fitch.
It is recalled that the Friday International Evaluation House downgraded the French economy’s credit rating A+ from Aa-Decision discounted/built -in and brokerage in the variation of CAC40 last week.
For the time being, however, pressures on the French bond market do not appear to be transmitted to other eurozone markets and much more to Greek where his profile Debt It remains quite favorable, as its refinancing needs are limited. After all ECB Kr, Lagarde answering a question appeared to be a charming on developments in bond markets, however, stating that the ECB is ready to intervene if necessary.
In the domestic bond market and specifically in the electronic trading system HDAT of the Bank of Greecethe value of transactions today stood at € 162 million. Most of them, 77 million euros, were for market orders and the remaining € 65 million in selling orders.
The yield on the 10 -year reference bond stood at 3.36% against 2.69% of the corresponding German title, with the margin of 0.67%.
Source: Skai
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