According to news reports, Portugal auctioned government bonds worth 750 million euros ($997.1 million) on Wednesday. The value was at the bottom of the government's range of 750 million to 1 billion euros.
The reports added that four-year bonds worth 450 million euros were sold by the government at a yield of 4.695%, as compared to 3.621% in the previous sale. In addition, Portugal traded 10-year bonds worth 300 million euros at a 6.242% yield, against 5.312% in a former sale.
The number of bids for the three-year bonds was more than 3.5 times the supply, while the bid-to-cover ratio was 4.9 for the 10-year bond sale.
Read more from Benzinga's Markets.
Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in