Portugal’s Borrowing Costs Fall at 10-Year Bond Sale

Portugal’s borrowing costs fell and demand rose at a sale of 10-year bonds after European Central Bank debt purchases this week helped push down yields, sending the securities higher in the secondary market.

The nation sold 599 million euros ($778 million) of bonds due in 2020 at a yield of 6.716 percent, the Portuguese debt management agency said today. That compares with 6.806 percent at the previous auction on Nov. 10.