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Economy

Greece: Ten-Year Bond Yield Rises to 2019 Levels

ATHENS – Pressure on the bond markets spiked on Friday, with the yield of the 10-year bond rising to its highest level since 2019.

The spike of inflation to 7.5% in the eurozone (and to 9.5% in Greece) in April is expected to inevitably lead the European Central Bank to raise interest rates within the coming summer. The ECB’s next crucial board meeting is on June 7-8.

In the domestic electronic secondary market, turnover was 244 million euros, of which 62 million were buy orders. The 10-year bond yield was 3.41% from 3.08%, and the yield spread with the German Bund came to 2.52% from 2.28%, with the German Bund yielding 0.51 pct.

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