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.