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They Canada Goose online had risen about 40 bps this week

Portuguese yields sag as BES seeks to soothe investor nerves

Italy sells 7.5 billion euros of bonds canada goose clearance sale to strong demand (Updates prices into close)LONDON, July 11 (Reuters) Portuguese bond yields fell on Friday as the country Canada Goose Jackets biggest bank sought to reassure investors about its financial stability after concerns over the health of its parent company rattled financial markets cheap Canada Goose this week.

Investor worries about losses on canada goose factory sale loans to the parent company of Banco Espirito Santo accelerated a Canada Goose Online sell off in uk canada goose Portuguese assets this week that triggered the first significant episode of contagion this year in peripheral euro zone bonds.

The bonds recovered some poise after Banco canada goose coats Espirito Santo said on Thursday night that losses on loans to the canada goose store troubled business empire of its founding family would not put BES at risk of running short of capital.

The Canada Goose Coats On Sale officialcanadagoosesoutlet calmer market backdrop enabled Italy to sell 7.5 billion euros of bonds, the top of its targeted range, at a Canada Goose Parka solid auction, which sharply contrasted with Greece three year bond sale on Thursday where demand was hurt by canada goose black friday sale fallout from Portugal.

The Italian sale demonstrated the enduring investor search for relatively higher returns canada goose still offered by the larger, liquid debt markets of Italy and buy canada goose jacket Spain, despite cheap canada goose uk a two year rally that has driven borrowing costs to record lows.

Yields on Portuguese 10 year bonds were down 12 basis points at canada goose coats on sale 3.90 buy canada goose jacket cheap percent. They Canada Goose online had risen about 40 bps this week, their biggest weekly increase this year.

(the sell off) was a bit overblown. After the huge rally behind us in non core bonds as well as equities, we had a multitude of bad news. and so the market clearly needed a trigger for profit taking and that what uk canada goose outlet happened, said Jan canada goose uk outlet von Gerich, chief fixed income analyst at Nordea.

now at least, sentiment will Canada Goose sale remain nervous but I don think it something that will reverse the general downward trend in peripheral bond yields.

ECB LARGESSE Yields on bonds issued by bailed out Greece, whose three year debt sale on Thursday saw poor demand amid the market rout, were 2 bps lower canada goose uk shop at 6.29 percent.

Italy sold three canadian goose jacket and 15 year bonds at record low yields as persistently abundant liquidity appeared to overshadow the bank problems in Portugal.

Spain, France and Germany sell canada goose clearance bonds next week.

European Central Bank interest rate cuts last month and its upcoming largesse to banks via cheap four year loans later this year is fostering demand for debt from the euro zone periphery as yields on top rated bonds dwindle. Latest data also showed the recovery in countries like Spain remaining on track as growth stutters in Germany and France.

think those common factors will outweigh local factors, including the renewed concerns about the Canada Goose Outlet Portuguese banking sector, and we remain overweight in canada goose uk black friday peripheral bonds, focusing on shorter maturities, said Seamus Mac Gorain, a portfolio manager at JPMorgan Asset Management.

Italian and Spanish 10 year yields were 4 bps down at 2.90 percent and 2.78 like it percent respectively. (Editing by Andrew Heavens).

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