Tuesday September 23, 2014 Search
Weather | Athens
33o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Portuguese, Greek bonds advance as bank payment concern wanes

Lucy Meakin & Neal Armstrong

Portuguese government bonds advanced for a second day as investor concern diminished that missed payments by a Portuguese bank holding company would fuel a new banking crisis in the euro area’s most indebted nations.

Greek debt rose after shares in Banco Espirito Santo SA, Portugal’s second-largest bank, jumped as much as 7.1 percent. Its parent company missed some payments on commercial paper last week, helping fuel a selloff in the debt of the region’s peripheral nations. Italian and Spanish bonds advanced. Benchmark German bunds were little changed before a report economists said will show industrial production in the common- currency bloc contracted in May.

Portugal’s 10-year yield fell 10 basis points, or 0.10 percentage point, to 3.77 percent at 8:40 a.m. London time, after climbing 28 basis points last week, the biggest weekly jump since September. It surged to 4.02 percent on July 10, the highest level since May 21. The 5.65 percent security due February 2024 rose 0.83, or 8.30 euros per 1,000 euro face amount, to 114.87.

The rate on Greek 10-year debt declined five basis points to 6.21 percent, while the yield on similar-maturity Spanish bonds slipped two basis points to 2.75 percent. The German 10- year yield was at 1.21 percent.

[Bloomberg]

ekathimerini.com , Monday Jul 14, 2014 (11:44)  
Task Force highlights the problems SMEs face
Concern over 329-mln-euro shortfall in state revenues
Rise in tourism arrivals dwarfs gains of regional rivals
OPAP set to be first past the post in race for betting permit
SYRIZA-affiliated Attica governor blocks employee evaluation
Newly installed Attica Governor Rena Dourou is on a collision course with the government after she won a vote on Tuesday calling for the regional authority not to cooperate with the evaluati...
DNA link to three suspects sought for Distomo raid
The fingerprints and DNA of three suspects being sought in connection with an audacious bank robbery in Distomo, in the prefecture of Viotia, in August have been found in an apartment in Nea...
Inside News
TRACK & FIELD
Inside the minds of four Spartathletes
Think you could run 246 kilometers on just figs, olives and dried meat? Well, Greek-American ultra-marathoner Dean Karnazes will attempt to do just that in this weekend’s Spartathlon race fr...
SOCCER
Santos appointed Portugal manager
Fernando Santos, who led Greece to the last 16 of the World Cup in Brazil, has been appointed Portugal's new head coach, the FPF announced on Tuesday. "Fernando Santos, 59, is the new nation...
Inside Sports
COMMENTARY
A painful curse
It was a curse and a painful one at that. It was a brutal act that brings shame on the person who committed it, on the party which he represents, on the Parliament, on Greece and on everythi...
EDITORIAL
Europe’s choice
Tuesday’s meeting between Greek Prime Minister Antonis Samaras and German Chancellor Angela Merkel in Berlin is of crucial importance. It’s hard to deny that Greece has come a long way. The ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Task Force highlights the problems SMEs face
2. Concern over 329-mln-euro shortfall in state revenues
3. Rise in tourism arrivals dwarfs gains of regional rivals
4. OPAP set to be first past the post in race for betting permit
5. Gov’t moves unilaterally on tax easing
6. SYRIZA-affiliated Attica governor blocks employee evaluation
more news
Today
This Week
1. Trolley bus, metro services to be disrupted Tuesday, Wednesday
2. Venizelos meets American Jewish officials in New York
3. Supreme Court postpones decision on Finance Ministry cleaning staff
4. German bond gains push 10-Year yield below 1% on stimulus bets
5. Construction material costs for new residential buildings decrease
6. Greek yields hit one-month high as Samaras looks to exit bailout
Today
This Week
1. ‘Greece can meet its needs on its own’
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Record sum of new debts to the state in August
5. Lost in the fog
6. Alexander the Great's tomb not at Amphipolis, says Culture Minister
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.