Portuguese bond yields hit record lows after ECB

GMT 23:54 2014 Monday ,25 August

Arab Today, arab today Portuguese bond yields hit record lows after ECB

Portuguese bond yields hit record lows
Lisbon - XINHUA

 Portuguese bond yields hit record lows on Monday after the president of the European Central Bank (ECB) Mario Draghi announced last week that the ECB was ready to do more to boost Europe's shaky economic recovery.
The yield on the Portuguese 10-year bonds dropped around 14 bps to 3.12 percent on Monday morning.
Bonds fell across the Eurozone as speculation increased following the speech regarding the ECB embarking on Quantitave Easing, an asset-purchasing scheme.
"I am confident that the package of measures we announced in June will provide the intended boost to demand, and we stand ready to adjust our policy stance further," Draghi told leading central bankers in Jackson Hole, Wyoming, the United States last Friday, adding that governments need to go ahead with reform measures despite public backlash.



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