Greek borrowing cost drops lower than Italy's for the first time since 2008
- Written by E.Tsiliopoulos
Featured
The yield spread between the Greek and Italian state bonds fell to negative territory for the first time since 2008, meaning that the Greek state borrows cheaper than Italy in capital markets.
The 10-year Greek benchmark bond yield fell to 1.21 pct while the 10-year Italian bond was 1.23 pct, leading the yield spread to -2.4 basis points from 1.7 pct in the start of the year.
The five-year bond yield was 0.41 pct, slightly up from 0.398 pct the previous day. Turnover in the market was a strong 50 million euros, of which 14 million were buy orders.
In interbank markets, interest rates were mixed. The 12-month rate was -0.274 pct, the six-month rate was -0.337 pct, the three-month rate was -0.406 pct and the one-month rate was -0.423 pct.
Tagged under
Related items
-
Diplomacy in the Age of Geopolitical Revisions. In the Footsteps of Alexandros Carathéodory
-
Turkey under the microscope of the US Congress: Severe criticism for authoritarianism, persecution and rights violations
-
Giannis Antetokounmpo became... John Travolta in Grease for an advertisement for a company he's invested in
-
Germans are looking for Greeks for work - This is the profession that is becoming increasingly popular
-
Foreign Minister's demarche to Kiev regarding the sea drone in Lefkada: It could have caused innocent casualties, such actions are not justified
Latest from E.Tsiliopoulos
- Diplomacy in the Age of Geopolitical Revisions. In the Footsteps of Alexandros Carathéodory
- Turkey under the microscope of the US Congress: Severe criticism for authoritarianism, persecution and rights violations
- Giannis Antetokounmpo became... John Travolta in Grease for an advertisement for a company he's invested in
- Germans are looking for Greeks for work - This is the profession that is becoming increasingly popular
- Foreign Minister's demarche to Kiev regarding the sea drone in Lefkada: It could have caused innocent casualties, such actions are not justified
