Jump to content
House Price Crash Forum

Portugal Sells 10-Year-Bonds, Borrowing Costs Fall


Recommended Posts

Bloomerg link

Portugal sold 599 million euros ($778 million) of bonds due in 2020 at a yield of 6.716 percent, the country’s debt management agency said today. That compares with 6.806 percent at the previous auction on Nov. 10. The government also placed 650 million euros of bonds due in 2014 at a yield of 5.396 percent, up from the 4.041 percent on Oct. 27.

Has the corner been turned?

Link to post
Share on other sites

ECB?

Portugal's banks buying?

The miracle of the Irish bailout finally working?

must be temporary fix, as Doomberg reports teh ECB are working on a bailout plan.

nudge me awake if the plan isnt Lend them some more printed money please.

Link to post
Share on other sites

It all rather depends on who was doing the buying, who they were buying for, whose money they used and whether they had any expectation of ever getting it back

Yes, I am sure that the ECB will be entirely open about their bond purchases, if they have made any at all. Which they probably havent as I understand everyone is chomping at the bit to get a piece of debt from such a well managed economy with no discernible deficit.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.