Portugal’s 10-year interest rate exceeds 2% with an imminent end to purchases by the ECB – Observer
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As a juror for the Portuguese 10-year debt, they surpassed 2% this Friday, the second negotiation in the so-called market, where investors traded bonds already launched by the Portuguese Treasury. The rise in interest rates to more than 2% takes place about two and a half months after having passed the 1% threshold – and at the end of last year the same rate was around 0.2%.
The cost of State funding comes at a time when several ECB officials – including Vice President Luis de Guindos – admit the end of public debt purchases by the central bank as early as July. And they also do not exclude that in that month there will also be a first rise in jury fees.
Interest in the secondary market does not directly translate the State’s financing costs and is an indicator of the returns that the public treasury would have from offering investors in the next ones to be part (the primary market).
10-year sworn rates surpassed the IGCP in February – the agency that manages the Portuguese public debt to the observer – When in an interview that manages the Portuguese public debt to the observer – When in an interview that manages the Portuguese president crisis – when “exuberance and speed” of rising costs was surprising. Since the doubling rate – on the verge of the European Central Bank (ECB) then making new net purchases of public debt in the markets, a factor that has been definitive in keeping interest rates in Portugal and most countries at historically low levels.
Cristina Casalinho, which is something that “a little bit, by the scared dimension” of the intervention that has taken place so far and that, to a certain extent, will cease to exist. It is an “uncertainty” factor in the way in which the markets are going to do this, in the coming months, which is largely responsible for uncertainty.
“It scares a little” the end of debt purchases by the ECB, says the president of the IGCP on the day that 10-year interest rates exceed 1%