The Greek stock exchange continues to feel intolerable pressure as the selling climate escalates again after yesterday's brief pause.

The Athex general index currently trades about 7,8% below Wednesday's close. The decline is evident across the board with the banking sector being the main contributor.

It looks that investors' appetite for risk as far as Greece is concerned, diminishes constantly as the political situation remains highly unstable.

Greek bonds are also feeling the pressure with their yields continuing to rise. The trend of an inverted yield curve is still prevalent as investors feel increasingly uneasy about the situation and justifiably demand a higher premium in the short term.

Currently, the 3Y bond yield stands at 9,714% while that of the 5Y and 10Y at 9,05% and 8,823% respectively.

Cyprus

The Cyprus 10Y bond manages to stay at reasonable levels as its yield is just below 5% indicating that investors consider Cyprus to be a different case that Greece. The CSE index is up by 0,64%.

This was the main point of Bank of Cyprus CEO John Hourican's statement today during a meeting with media representatives where he explained the good prospects of Cyprus.
BOCY is set to resume trading at CSE and ATHEX on December 16.