Yields on Greek bonds in the secondary market remain low. Interest is now on June 9, when the international rating agency Fitch is expected to start reviewing the country’s creditworthiness.

However, already on the market there is a tendency towards consolidation of Greek bonds, which are traded with a yield lower than the Italian one (4.1%) and closer to the Spanish one (3.3%).

Despite this, the European Central Bank constantly “reminds” that the upward interest rate cycle is not over yet. ECB President Christine Lagarde said today that inflation in the Eurozone remains very high, so further tightening of the Central Bank’s policy is necessary.

ECB Vice President Luis de Guidos, who was riding the same wave, argued that inflation clearly shows that it is slowing down, however, as he said, “we are still very far from our inflation target of about 2% over the medium term” . .

For this reason, he emphasized that most of the route (raising interest rates) has been completed, but there is still the last leg.

“The size of the rate hikes and how many will depend on the data we get (..) Last month we already did (a) 25 basis points, so 25 I think is the new normal,” he said. vice president of the ECB.

Today, the secondary bond market, more specifically the Bank of Greece Electronic Transaction System (HDAT), registered transactions worth 46 million euros, of which 28 million euros were related to purchase orders.

The yield on Greek 10-year bonds was 3.76% from 3.74% at yesterday’s close, while in the morning it fell to 3.69% compared to 2.25% on the corresponding German bonds, causing the spread amounted to 1.51%. .

In the foreign exchange market, the euro moves higher against the dollar, resulting in the European currency trading at $1.073.7 in the afternoon from the market opening of $1.0728.