Higher turnover, and yields, in the bond market

Turnover in the secondary bond market (HDAT) rose to -62.51 billion in March from -45.29 billion in February, the Bank of Greece announced yesterday. Investors focused on bonds with maturity from 7-10 years, which accounted for -36.42 billion in trades, or 58 percent of the total. The 10-year benchmark bond was the most popular, with transactions totaling -23 billion. Yields of Greek bonds rose, in line with other eurozone bonds. The 30-year bond rose the most, 14 basis points (0.14 percent) to 4.60 percent at end-March. The three-year bond rose 12 basis points, to 4.08 percent and the 10-year bond went up 9 basis points, to 4.30 percent. The spread between Greece’s and Germany’s 10-year benchmark bonds held steady at 25 basis points, reflecting the estimated extra risk for investors in the Greek market.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.