Cyprus Mail

Bond yield on upward trajectory

The Cypriot 10-year bond exceeded the 5 per cent mark on Tuesday in secondary markets, resuming an upward trajectory since the three-year low recorded on June 12, the Cyprus News Agency reported on Wednesday.

The bond yield on Tuesday reached 5.044 per cent compared to a 4.68 per cent on June 12, which represented a three-year low. The spread compared with the German 10-year bond, considered as benchmark, stood at 3.80 per cent.

The yield of the 5-year bond was issued on June 18 with a 4.75 per cent coupon and a 4.85 per cent yield reached 4.875 per cent.

Cyprus` return to the markets after 2010 came 15 months after the country entered a financial adjustment programme, agreed with the European Commission, the European Central Bank and the IMF on March 2013 in return for a €10 billion bailout loan.

According to Fitch rating agency, Cyprus` return to the markets was the quickest compared to other bailed out countries. Ireland and Portugal took 20 months to return to the markets following their entry to a programme, whereas Greece took approximately four years.


Related Posts

State bank VTB, fintech firm execute Russia’s first digital asset deal

Reuters News Service

Russian parliament approves tax break for issuers of digital assets

Reuters News Service

DBRS slashes Cyprus’ growth rate amid deteriorating outlook due to war in Ukraine

Source: Cyprus News Agency

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

Reuters News Service

Finance minister, parties discuss safeguarding primary homes, NPLs

Sarah Ktisti

How a massive options trade by a JP Morgan fund can move markets

Reuters News Service


Comments are closed.