Portugal: Final debt action sees even lower yields

Page created: Wednesday, 16 December 2015 16:35 GMT

Government Debt Market   IGCP   Portugal  Treasury Bills

Lisbon, Dec. 16 (Lusa) – Portugal auctioned €998 million in three- and 11-month treasury notes on Wednesday at lower yields than in previous comparable auctions in October.

The government treasury and public debt agency (IGCP) said these were the last debt auctions of the year and the first since the new Socialist government took office. They auctioned € 248 million in three-month notes at an average yield of negative 0.023%, lower than the negative 0.021% seen on 21 October.

The other €750 million were for 11 months and went for an average of 0.030%, half the yield of the October auction when they went for 0.06%.