Feb 8 (Reuters) - Portugal sold all 1 billion euros
($1.07 billion) on offer of 9-year bonds in an auction on
Wednesday, with yields rising from previous sales.
State debt agency IGCP said the allotment yield on the bonds
maturing in 2032 rose to 3.172%, from 2.754% in the previous
auction of a similar maturity held in September 2022. Demand for
the bonds surpassed the amount allocated by 2.34 to 1.
The 10-year bond yield benchmark in the secondary market is
around 3.234%. .
($1 = 0.9307 euros)
(Reporting by Marta Serafinko, editing by Inti Landauro)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.