- Portugal sold 556 mln euros of Oct 2016 bonds, 686 mln euros of June 2020 bonds
- 2016 average bond yield 6.156%, up sharply from previous 4.371%
- 2020 average bond yield 6.806%, up from previous 6.242%
- 2016 bid to cover ratio 2.3, up slightly from previous 2.1
- 2020 bid to cover ratio 2.1, down sharply from previous 4.9
Not very good to say the least. EUR/USD has come under pressure in wake of results, presently down at 1.3760.
