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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.

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