The first time since June the yield is below 6%.
Portugal is well on the way to exiting the bailout program and are looking to tie up a precautionary credit line to help ease them back into the market.
A couple of year back I mentioned that there is some fantastic value in European bonds as the high yields offered were a fantastic return if you bet that Europe would survive. Even now getting between 2.5%-6% on mid to long term bonds is a good deal and part of the reason there are still plenty of money flows coming into Europe.
Portuguese 10 year yields 06 11 2013
As they say down the London street markets, “get em while they’re hot”
