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Greek State Bond Yields See Fall

Greek state bond yields declined further on Thursday, with the yield of the 10-year benchmark bond dropping as low as 4.06 percent.
The trend is seen reflecting a prevailing positive economic climate in the country.
An economic restructuring and the prospect of a clean exit from the memorandum in August seems to be attracting investors’ interest in state bonds, a trend related with an increased turnover in the electronic secondary bond market in the last few days.
More specifically, the yield of the 10-year benchmark bond dropped to 4.06 percent in midday trading in the secondary market, from 4.30 percent on Wednesday, to stabilize around 4.12 percent later.
The yield spread between the 10-year Greek and German benchmark bonds was 3.6 percent on Wednesday. Turnover amounted to €97 million ($120 million) in the last four sessions, sharply up from an average turnover of €5-7 million in the last few months.
(Source: AMNA)

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