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Portugal Pays Higher Yield at Bond Sale
Keywords:
Portugal sold 1 billion euros of 12 month Treasury bills at an average of 4.331%, up from 4.057% at the previous offering on March 2, 2011. Moody's downgraded the country's rating by two nothches to A3. Analysts say that these higher funding costs will lead to a bailout for Portugal. The yield spread between 10 year Portuguese and German bonds is now at 4.35%.
Actions taken by EU leaders in 2011-2012 to resolve the debt crisis in member countries.
02/26/2011
Actions taken for Ireland, Greece, Portugal and other countries facing debt problems.
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