Euro Periphery Bond Yield Spreads to Stabilize, Nomura Says
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Bond yield premiums demanded by investors to hold Irish and Portuguese debt instead of benchmark bunds may stabilize, Nomura International Plc said.
“This crisis, fueled by little true news, has entered a new phase and we expect some shorter-term stability,” a team of analysts led by Nick Firoozye in London wrote in a research report today. Portugal’s sale of bonds scheduled for Nov. 11 may go “smoothly” as a result, the analysts wrote.