The bond yield of European member states increased on Friday as a result of market concerns over the result of the critical European election, thus canceling the benefits from recent credit rating upgrades.
The yield of the ten-year Greek bond grew to 6.52%, while the spread came to 511 base points. The increase of the German bond to 1.41% was perhaps more remarkable, considering that last week it was 1.31%
Since Greece issued a 5-year bond series in April 2014, the yield of the 10-year bond has steadily grown from 5.89% and peaked on Monday, the 19th of May 2014 at 6.88%.
