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Portugal is breathing: good bond auction, declining yields

Lisbon raised a total of 1,5 billion euros with short-term securities: these placements favored further reductions in yields also on Portugal's ten-year bonds, to 15,34% at mid-day from 17% in recent days.

Portugal is breathing: good bond auction, declining yields

After days of high tension for Portugal, the Lusitanian country breathes and effectively places short-term government bonds on the market: a total of 1,5 billion euros collected, half of which with three-month bonds, whose yield is still substantial but slightly down: from 4,346% recorded in the last similar auction to 4,068% today. 

The remainder came from six-month bonds on which rates fell to 4,463% from 4,740% at the previous auction. Completion of these placements aided further easing in Portugal's 15,34-year bond yields, to XNUMX% by mid-day, where in recent days the rates of these issues had exceeded 17%.

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