Thursday, 4 September 2014
News Analysis: Portugal's successful 15-year bonds sale comes as little surprise
There was some astute timing from the Portuguese on their debt issue earlier in the week. With the widely acknowledged prospect of a rate cut at the ECB and growing confidence that at least some fringe Eurozone nations were seeing their fortunes improve, it’s perhaps no surprise we saw this oversubscription. On the basis that the ECB can still serve up more stimulus measures, by all accounts Portugal’s next bond issue is likely to be just as well received.