Portugal to Choose Irish Exit Route as Yields Sink
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Banks are telling clients that Portugal is strong enough to exit its bailout program next month without the need for a financial backstop.
The country will probably opt for the Irish route and do without a precautionary credit line, according to analysts at Citigroup Inc., Commerzbank AG and Danske Bank A/S. At 3.72 percent, Portugal’s 10-year bond yields are near an eight-year low and the nation last week held its first auction of longer-term debt since seeking an emergency rescue in 2011.