In “calm waters” the Greek state market continues to move bonderin spite of the vibrations observed in international markets.
In the secondary market there are no mass liquidity, resulting in the yield on the 10 -year bond moving marginally higher (3.36%) compared to the previous week (3.33%) and the margin against German securities shrinking. The fireplace where it triggers markets with negative developments is France, especially after the deterioration of Fitch’s credit rating.
It is recalled that on Friday (12.9.2025) the International Evaluation House downgraded the French economy’s credit rating capacity in A+ from AA-, disciplined/integrated and brokerage in the variation of the CAC40 last week.
For the time being, however, the pressures on the French bond market do not appear to be transmitted to other eurozone markets and much more to Greek where the public debt profile remains favorable, as its refinancing needs are limited.
After all, ECB chief Christine Lagarde, answering a question, appeared reassuring about developments in bond markets, however, stating that the ECB was ready to intervene if necessary.
In the domestic secondary bond market, and in particular in the Bank of Greece’s electronic trading system (HDAT), the value of the transactions today stood at € 162 million. Most of them, € 77 million, were for market orders and the remaining € 65 million in selling orders.
The yield on the 10 -year reference bond stood at 3.36% against 2.69% of the corresponding German title, with the margin of 0.67%.