23 Sep 2010

Demand high for Portuguese bonds

9:32 am on 23 September 2010

Portugal has raised 750 million euros ($US1 billion) in its latest sale of government bonds.

Bond traders said demand for the four and 10-year bonds was the highest so far this year.

The average interest yield on the 10-year bonds was 6.2%, up from 5.3% last month.

The yield on the four-year bond rose to 4.7% from 3.6%.

The BBC reports bond issues by the Irish Republic, Spain and Greece were also heavily subscribed.