News

BlackRock Sees Deflation-Fight Boost for Portuguese Bonds

Page created: Monday, 3 February 2014 16:55 GMT

Tags:
Public Debt   Secondary Market  Yields

Spanish and Italian two-year yields fell to records today, boosted by the prospect of extra ECB action to stimulate the economy after a Jan. 31 report showed annual euro-area inflation slowed to 0.7 percent in January, matching the lowest rate since 2009. While BlackRock sold some bonds from those nations as they rallied last month, it’s betting Portugal’s notes will extend their advance, said Stephen Cohen, head of investment strategy for international fixed income.