The yield on ten year treasury bonds dropped to the lowest level in almost four years, falling to 4.948%.
The Cypriot 10-year bond which matures on 2020, fell at the secondary bond market at 4.948% at the end of transactions on Thursday. The previous day it had closed at 5.008%.
As a result the margin against the respective German bond with a yield of 1.402% dropped to 3.546%.
This is the second time since 2010 that the 10-year bond falls under 5%. The first time was recorded on
However, international market turbulence caused the yield to follow an upward trend before the European Elections, recording a yield of 5.212% on
The country's borrowing costs soared once again in
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