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bill yield rises after rating slashed

LISBON, July 6 (Reuters) https://www.goosesale.ca Portugal three month borrowing costs rose in canada goose clearance sale a T bill auction on Wednesday and bond yields soared in the market after Moody slashed the country credit rating into junk territory and Canada Goose Outlet warned it may need Canada Goose online a second bailout.

Lisbon sold 848 Canada Goose sale million euros ($1.22 billion) worth of 3 month T bills in the middle canada goose of cheap canada goose uk the auction offer range in canadian goose jacket the first canada goose uk shop debt auction since a new canada goose clearance centre right majority government took canada goose coats over to preside over the implementation of the country 78 billion Canada Goose Coats On Sale euro bailout deal.

The average yield rose to 4.926 percent from 4.863 percent in an auction on June 15.

not as canada goose factory sale large a cheap Canada Goose jump in yield as one might have expected in the wake of yesterday junking buy canada goose jacket by Moody but. this uk canada goose result will do nothing to offset today jump in concern over Portugal possibly following Greece canada goose store down the restructuring route, said Canada Goose Online Rabobank rate strategist Richard McGuire.

Demand outstripped supply canada goose coats on sale by 2 times for the three month T bills, down from the previous auction 2.4 times.

The premium investors demand to hold Portugal benchmark 10 Canada Goose Parka year bonds rather than German Bunds widened after the T bill auction, continuing the day surge that took it nearly 131 basis points higher to a euro era high of 1,046 bps.

be fair, I think it buy canada goose jacket cheap fairly likely that you will be repaid on the 3 month T like web bill, but the EU will probably have to start looking at a more comprehensive solution to the peripheral debt crisis, said Elisabeth Afseth of Evolution Securities in London.

is limited how much you can read into such a 3 month T bill auction. I rather look at Canada Goose Jackets what the 2 uk canada goose outlet year bond looks like and this is up 2 percentage points today, she said.

The IGCP debt agency had set canada goose uk black friday the total indicative offer range at between 750 million euros and 1 billion euros. canada goose uk outlet (Reporting by Andrei Khalip and Filipa Lima; Editing by Susan Fenton) canada goose black friday sale ($1=.6930 Euro).

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