Markets wait and watch on Portugal
Yields on Portuguese debt rose as pressure increased on Lisbon to seek financial aid, with investors looking to a bond auction later this week as a measure of the country’s ability to fund itself. Spanish and Italian bond yields also rose, pushing spreads over the 10-year German benchmark to their widest since December 1.
In the financial sector, AIB added 1.4c to 28.6c. Bank of Ireland declined 1.7c to 31.5c. Irish Life & Permanent fell 2.2c to 85c, while insurance group FBD Holdings fell 3.5c to €6.31.
