The visit by Turkey’s President Recep Tayyip Erdogan had a positive effect on the Greek bond market, where bond yields continued a significant drop on Friday. The purchase price of the country’s 10-year bond rose to 93.25 basis points during the session, pushing the yield down by 20-odd basis points, to 4.59 pct from 4.83 pct at the close of trade on Thursday.
Bond prices increased in other European markets also, with the German Bund yielding 0.30 pct and the yield spread between the Greek and German benchmark bonds falling to just 4.29 pct during the Friday session, from 4.54 at close of trade on Thursday.
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RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
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Source: ANA-MPA
