©Reuters. The 10-year Portuguese debt stands at 1.98%, November 2018 levels
Lisbon, Apr 22 (.).- The interest at which Portugal’s ten-year debt is listed on the secondary market closed today at 1.98%, a level not seen since November 2018, and during the day it reached to be above 2%.
Portuguese debt securities thus followed the growing trend of other sovereign debts, which have been rising since the beginning of the year in the expectation that the major central banks will raise interest rates to contain high inflation.
The Vice President of the European Central Bank (ECB), Luis de Guindos, said this week that “theoretically anything is possible” when asked in an interview with the Bloomberg agency if a rise in interest rates is possible in July, which has fueled bond interest in the euro zone.
This rise in the 10-year Portuguese bond occurs in a week in which the Portuguese Treasury went to the markets to place 3- and 11-month debt and managed to maintain negative interest rates, although they worsened on the longest maturity.