piraeus bank group

Greek Fixed Income Monitor – Αpril 2016: Estimated Interest Rate Curve

The relatively larger downward shift in the long end of the yield curve reinforced the negative slope of the curve. This development is consistent with the higher uncertainty about the economic environment in Greece. In particular, interest rates for a 3-Year horizon decreased by 18 basis points (bps) while interest rates for maturities greater than 20 years recorded reductions in the range of 18-27 bps.