┋ English version ┋ 31.10.2019 18:32

Greek state bond prices drop to new historic lows after Moody's report

A Moody’s report was seen by the market as a pre-announcement of an upgrade of the country’s credit rating

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Οίκος Moody's (AP Photo/Lefteris Pitarakis)

Greek state bond prices rallied and yields fell to new historic lows in the domestic electronic secondary bond market on Thursday, after a Moody’s report which was seen by the market as a pre-announcement of an upgrade of the country’s credit rating.

The 10-year bond yielded 1.155 pct from 1.19 pct on Wednesday, with the yield spread between the 10-year Greek and German benchmark bonds rising slightly to 1.59 pct from 1.57 pct. Turnover was a thin 4.0 million euros, all buy orders.

In interbank markets, interest rates were mixed. The 12-month rate was -0.276 pct, the six-month rate was -0.339 pct, the three-month rate was -0.401 pct and the one-month rate was -0.44 pct.

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