Portuguese Bonds Lead Euro-Area Declines as 2011 Supply Looms
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Portuguese government bonds fell, pushing the 10-year yield up by the most in eight months, amid concern demand at auctions next week may falter.
Spanish 10-year bonds also posted a weekly decline, driving the extra yield investors demand to hold the securities instead of similar-maturity German bunds to the highest in more than a month. After Greece and Ireland, which sought European Union bailouts, bonds from Portugal, Spain and Italy had the biggest losses last year among 26 markets tracked by Bloomberg and the European Federation of Financial Analysts Societies.