ECB Said to Buy Irish, Portuguese, Greek Government Bonds Today

ECB Said to Buy Irish, Portuguese, Greek Government Bonds
A euro sign sculpture stands in front of the European Central Bank in Frankfurt. Photographer: Hannelore Foerster/Bloomberg

The European Central Bank bought Irish and Portuguese government bonds today, according to at least two people with knowledge of the transactions.

Central banks were also buying Greek debt, said one of the people, who asked not to be identified because the deals are confidential. A spokesman for the ECB in Frankfurt declined to comment.

Irish 10-year bonds rose, sending the yield down nine basis points to 8.28 percent as of 12:27 p.m. in London.

Similar-maturity Portuguese debt yields rose 12 basis points to 6.21 percent. Greek 10-year bond yields were 12 basis points higher at 11.78 percent.

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