Italy and Portugal Unleash a Wave of Bond Sales to Lock In Rates

Bloomberg Quint | Apr 7, 2021 at 11:30 AM
  • Bond sales by two of Europe’s most indebted nations have been inundated by demand as an economic recovery begins to lift yields from historically low levels.
  • Italy’s final spread for its 50-year sale was 47 basis points over existing bonds and nine basis points over similar-dated bonds for its 2028 maturity.
  • New York Governor late Tuesday signed into law a measure that will help prevent hundreds of billions of dollars of financial contracts from descending into chaos when the Libor offered rate starts phasing out at the end of the year.