Cypriot bond yields plummet as ECB launches quantitative easing

By Stelios Orphanides

Yields of Cyprus’s ten-year bond expiring in March 2020 fell today to 4.11 per cent, the lowest ever since Cyprus was shut out of markets four years ago, on the very day the European Central Bank started its expanded asset purchase programme.

The average yield on the Cypriot bonds averaged at 5.15 per cent in the past twelve months, according to Bloomberg data. On March 3, 2014, the yield on the secondary market was almost 6.31 per cent.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.