Bond Investors Win No Matter Who Loses the Portuguese Election
- Prime Minister Coelho's coalition to face socialists on Oct. 4
- No Portuguese Syriza as both parties promise fiscal discipline
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One group is a sure winner of Portugal’s election: bond investors.
The two blocs fighting for power in the Oct. 4 vote are both committed to the restraint that helped drive Portugal’s 10-year bond yield down to 2.51 percent on Monday from 2.60 percent last week and 18 percent three years ago at the height of Europe’s debt crisis.