New rise in bond yields after the ECB announcements – Greek 10-year yield to 3%

The market climate is sluggish today as most Europeans remain closed due to the Catholic Easter holiday.

In the domestic market, the yield on the 10-year bond is heading towards 3% after yesterday’s announcements by the head of the European Central Bank, Christine Lagarde, which put a final end to the quantitative easing program at the end of June. It is indicative that the yield on the 30-year German bond has jumped to the highest level of the last three years (1,012). Short-term bond yields, on the other hand, fell as investors estimated that the first rate hike by the ECB would not take place in July.

It is recalled that the last – untimely as it turned out afterwards – interest rate increase by the ECB took place in 2011, amid the great debt crisis of the Eurozone.

In the domestic bond market and more specifically in HDAT, no transactions were recorded. The yield on the 10-year bond increased to 2.93% from 2.87% yesterday against 0.84% ​​of the corresponding German bond, resulting in a margin of 2.03% from 2.07% that closed yesterday.

In the foreign exchange market, the euro is falling against the dollar, as early in the afternoon the European currency was trading at $ 1.0809 from the level of $ 1.0815 at which the market opened.

The indicative price for the euro / dollar exchange rate. announced by the ECB stood at $ 1.0826.