The yield for the Greek state’s 10-year bond remained below the 4.0 percent threshold on Tuesday, with the spread against the 10-year German bond falling to the lowest level in 12 months on the domestic electronic secondary bond market.
The figures come ahead of an auction of Greek state bond issues scheduled for Wednesday.
The Public Debt Management Agency (PDMA) has announced that it will reopen a 10-year and a 15-year bond, seeking to raise 400 million euros from the markets with the primary dealers.
The 10-year Greek bond yield on Tuesday topped off at 3.98 percent, while the 10-year German Bund yield was 2.33 percent, pushing the spread lower to 1.65 percentage points, down from 1.74 percentage points last week. Turnover was a feeble 34 million euros, of which 16 million were buy orders.
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