Interest rates on sovereigns rise

 In Bonds and Gilts, News

Interest rates on Portuguese bonds at two, five and 10 year maturities have gone up.

Interest on 10 year bonds now stands at 3.002% compared to 2.946% on Thursday. Interest on five year bonds rose to 2.434% compared to 2.361%.
Two year bonds saw interest rise to 2.166% compared to 2.089% in the previous session.
The increase on Portuguese debt rose in line with increases on borrowing costs for Spain, Italy, Ireland and Greece.
It means that the Portuguese government now has to buy more interest to investors on borrowing on the international lending markets.