At 08:20, Portugal’s 10-year sovereign debt yields fell to 3.130%, compared to 3.165% the previous day.
Similarly, the five-year yield dropped to 2.434%, from 2.459% on Thursday. Meanwhile, the two-year sovereign debt yield decreased to 1.969%, from 1.979% in the prior session.
Germany’s 10-year bond yield, regarded as the safest in Europe, fell to 2.711%, compared to 2.727% in the previous session.
In Spain and Greece, sovereign debt yields saw declines across the two, five, and 10-year terms. Yields in Ireland and Italy also fell over five and 10 years, although Ireland’s short-term yield increased, and Italy’s remained unchanged.
Yields on sovereign debt for Portugal, Spain, Greece, Ireland, and Italy at 08:20:
2 years…5 years…10 years
Portugal
09/05…….1.969…2.434…..3.130
09/04…….1.979…2.459…..3.165
Spain
09/05…….2.043…2.492…..3.294
09/04…….2.051…2.513…..3.328
Greece
09/05…….2.073…2.639…..3.389
09/04…….2.081…2.662…..3.425
Ireland
09/05…….2.000…2.379…..2.948
09/04…….1.992…2.390…..2.975
Italy
09/05…….2.220…2.756…..3.557
09/04…….2.220…2.782…..3.594
Source: Bloomberg. Values represent ‘bid’ (interest rates demanded by investors to purchase debt) compared to the previous session’s close.
