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Portugal’S Borrowing Costs Drop Amid Optimism About Debt Crisis

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Portuguese government borrowing costs fell at an auction Wednesday and bonds strengthened generally in Europe amid growing expectations that policy makers would create a more robust mechanism to assist indebted countries in coming months.

But the ratings agency Standard & Poor’s also sent a reminder that the budgetary problems in the region were far from over. It cut Ireland’s long-term credit rating to A- from A and retained a negative outlook because of uncertainty over how much more capital the country’s banks would need.

The Portuguese debt agency sold €1.26 billion, or $1.74 billion, in 12-month and six-month T-bills, with yields falling from auctions last month. The sale eased the pressure on Lisbon to seek aid in the near term from its partners or the International Monetary Fund.

Falling because the debt crisis is over or falling because the ECB is buying this crap?

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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