The yield spread between the Greek and Italian state bonds fell into negative territory on Thursday for the first time since 2008, meaning that the Greek state can borrow money at a cheaper rate than Italy in capital markets.
The 10-year Greek benchmark bond yield fell to 1.21 percent while the 10-year Italian bond was 1.23 percent, leading the yield spread to -2.4 basis points from 1.7 percent at the beginning of the year.
The five-year bond yield was 0.41 percent, up slightly from 0.398 percent on the previous day. The 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 percent, the six-month rate was -0.337 percent, the three-month rate was -0.406 percent and the one-month rate was -0.423 percent.
Source: AMNA
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
