Portugal’s 10-Year Bonds Decline for Fourth Day as Italy’s Drop
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Portugal’s 10-year bonds fell for a fourth day before European Union and International Monetary Fund officials begin two reviews next week on how the nation is meeting the terms of its financial aid program.
Italy’s 10-year government bonds declined for the first time in three days as euro-area leaders voiced concern that political instability could threaten economic reforms. Italian three-year borrowing costs rose to the most since October at an auction yesterday. German bonds rose after a report showing U.S. retail sales climbed less than economists forecast boosted demand for safer assets before the Federal Reserve decides whether to slow the pace of bond purchases next week.