© Reuters. FILE PHOTO: A trader looks at screens at a bank in Lisbon April 23, 2014. REUTERS/Hugo Correia
(Reuters) – Portugal sold all 750 million euros ($791.85 million) of 2030 bonds in an auction on Wednesday, state debt agency IGCP said.
According to IGCP, the allotment yield on the bond maturing in 2031 jumped to 1.767%, from 1.008% in the previous auction of a similar maturity held in February.
The 10-year bond yield in the secondary market trades at around 2.1%.
Demand exceeded the amount placed by 1.86 times.
($1 = 0.9471 euros)
Portugal sells 750 million euros of 2030 bonds; yield rises