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Tuesday, May 7, 2013

Portugal to sell 10-year debt.

Investors' quest for yield could fuel demand for Portugal's first 10-year bond sale since receiving an international bailout in 2011. Demand for bonds maturing in 2024 could exceed $5.23B according to sources cited by Bloomberg. "Investors are rushing into anything that grants you a good yield and when you look at the Portuguese curve the 10-year is around 5.5%,". Fragile eurozone nations who received bailouts are seeking to gingerly step back into debt markets in an effort to wean themselves off bailout money as the region desperately looks for a light at the end of the crisis tunnel.

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