T-Bill Rates Fall at Portugal's Latest Debt Auction
February 1, 2012
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Europe Update: Portugal T-Bill Auction Results
Rates continue to come down in Portugal.
Portugal sold €750 million of 3-month T-bills at an average yield of 4.068%, which was below the 4.346% seen at the previous auction. The bid to cover ratio was 2.8 vs. 4.1.
Portugal also sold €750 million of 6-month T-bills at an average yield of 4.463%, also below the 4.740% at December’s auction. The bid to cover ratio was 2.6 vs. 3.0.
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