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Portugal sells 750 million euros of 2030 bonds; yield rises

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© 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

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