Yield on bond yields – Exceeded 2.4% in the Greek 10-year period

Almost all eurozone bond markets have been under strong pressure since this morning, with the results becoming more visible to the most vulnerable, such as the Greek and Italian ones.

Bond prices are falling sharply today as markets try to absorb the new data that have emerged since the last meeting of the European Central Bank last week.

Following Lagarde’s statements, money markets are now anticipating an increase in interest rates within the year and the end of the quantitative easing program.

Board member (Danish central banker K. Knaf) today tried to reassure the markets, saying that while the quantitative easing program may be completed sooner, the ECB will raise interest rates later.

Investors do not seem to be convinced, with the result that the yield on the 10-year German bond jumped to the highest level of the last three years, while that of the Italian returned to the highs of 2020, exceeding 1.81%.

The appointment of the head of the ECB Christine Lagarde to the Committee on Economic and Monetary Affairs of the European Parliament is expected this afternoon.

Inevitably, this trend prevailed in the Greek market with the yield on the 10-year bond going towards 2.5%.

In the domestic market and more specifically in HDAT, transactions amounting to 86 million euros were recorded today, of which 20 were related to purchase orders. The yield on the 10-year bond closed at 2.41% against 0.23% of the corresponding German bond, resulting in a margin of 1.18%.

In the foreign exchange market, the expectation of rising interest rates continues to fuel the appreciation of the European currency. Early in the afternoon, the euro was trading at $ 1.1445 from the $ 1.1443 level that opened the market.

The indicative price for the euro / dollar exchange rate announced by the ECB was 1.1447 dollars.

SOURCE: ΑΠΕ-ΜΠΕ