Portuguese Two-Year Notes Pare Gain, Leaving Yield at 6.63%

Portuguese two-year notes pared an advance, leaving the yield on the securities one basis point lower at 6.63 percent as of 10:20 a.m. London time.

The rate earlier fell as much as 71 basis points, or 0.71 percentage point, to 5.93 percent. That’s the lowest level since March 2011, according to data compiled by Bloomberg.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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