The Greek 10-year bond yield stood at 4.26%
The market is moving upwards today bonds as a result of which their yields decline. The market is positive about the fact that the ECB will probably not raise interest rates tomorrow.
It is recalled that the governing board of the European Central Bank is meeting today and tomorrow in Athens, and according to all indications, Christine Lagarde, the head of the press conference she will give, is expected to keep the key interest rates “frozen”.
The “braking” in the increases of interest rates, given that at the previous meeting of the ECB’s governing board in September another interest rate increase of 0.25% was decided, according to many analysts it is an indication that interest rates have now reached a “ceiling”.
Statements made by many central bankers who participate in its decision-making process also point to this ECB.
However, due to the slow de-escalation of inflation, the money futures market is discounting that interest rates will remain at the current – high levels throughout the first half of 2024, it was reported in APE BPE.
In the secondary bond market today, and more specifically in the Electronic Transaction System (HDAT) of the Bank of Greece, transactions of 67 million euros were recorded, of which 32 million euros related to purchase orders.
The yield on the Greek 10-year bond stood at 4.26% from 4.38% yesterday, against 2.87% of the corresponding German bond, narrowing the margin to 1.39%.
In the foreign exchange market, the euro moves downwards against the dollar, with the result that in the afternoon the European currency trades at 1.0577 dollars from the level of 1.0589 dollars, which opened the market.
