High Interest Rate On T-bills
Source: Agencies |
May 5, 2011, Thursday
|
Print Edition
Print Edition
PORTUGAL has raised 1.12 billion euros (US$1.67 billion) in an auction of 3-month Treasury bills, a day after officials said the country had a bailout deal.
The steep increase in the interest rate on the T-bills yesterday underscored Portugal's financial plight as investors demanded a 4.65 percent interest rate, up from 4.05 percent on the same debt two weeks ago.
The steep increase in the interest rate on the T-bills yesterday underscored Portugal's financial plight as investors demanded a 4.65 percent interest rate, up from 4.05 percent on the same debt two weeks ago.
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