Greek government bond trade volume slips

The volume of Greek government debt traded on the central bank's electronic system (HDAT) dropped to 26.7 billion euros in June from 30.2 billion in May, the Bank of Greece said on Friday. Daily average turnover in June eased to 1.3 million euros from 1.4 billion in the previous month.
Greek government bond yields rose markedly in June, particularly at the short end of the yield curve, in line with the performance seen in the rest of the euro zone. In Greece, the most actively traded bond was the 10-year benchmark which recorded 9.4 billion euros worth of transactions, followed by the 5-year benchmark with 4.8 billion.
Investor interest focused on government paper with remaining maturities between 10 and 15 years, which absorbed 37 percent of overall volume. The 10-year benchmark bond yield rose by 36 basis points to 5.32 percent. Greece's yield curve flattened and shifted upwards, with the difference between the 30- and 3-year bond yields narrowing to 42 basis points from 73 at the end of May. The average monthly yield spread between Greek and German 10-year benchmark bonds widened to 62 basis points in June from 54 in the previous month.