Market Comment | Yields rose sharply ahead of today’s US GDP figures and next week's FOMC

Summary

Rating agency DBRS maintained Portugal’s long-term sovereign debt rating at BBB low with a stable outlook. The decision was crucial for Portugal’s sovereign bond markets, as a downgrade would have prevented the ECB from purchasing Portuguese sovereign debt or accepting it as collateral. (see) Positive economic data in the EZ, led by Germany. German PMI […]

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