The yield on the 10-year bond fell below 1%
- Written by E.Tsiliopoulos
In the domestic market, the yield on the 10-year bond fell and stabilized below 1%.
The yields of the other bonds in the euro area also returned to a declining course.
Meanwhile, there are growing voices within the European Central Bank (ECB) urging the central bank to take more aggressive action. Thus, after G. Stournaras, who asked the ECB to speed up bond purchases, Fabio Panetta (a member of the Executive Board of the ECB) called on the Central Bank not to hesitate to increase the total package of bond purchases in order to reduce their yields.
The Electronic Transaction System of the Bank of Greece recorded transactions of 189 million euros, of which 94 million euros related to purchase orders. The yield on the 10-year benchmark bond stood at 0.99% from 1.04%, compared to -0.28% of the corresponding German, with the result that the margin fell to 1.27% from 1.37%
In the foreign exchange market, the euro is falling against the dollar, as the European currency traded early in the afternoon at $ 1.2067 from $ 1.2099 when the market opened.
The indicative euro / dollar exchange rate announced by the ECB stood at $ 1.2048.
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