Portugal sold 1 billion euros ($1.3 billion) of 10-year bonds, getting more demand than at previous auctions, as it benefited from the European Union’s unprecedented aid plan for the region’s most indebted countries.
The Lisbon-based Treasury issued the 4.8 percent bonds due 2020 to yield 4.52 percent, 181 basis points below the record reached last week at the height of the crisis, the nation’s debt agency said today. Investors bid for 1.8 times the amount on offer, up from 1.6 times at the previous two auctions. Portugal aimed to raise 300 million euros to 1 billion euros at the sale.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
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