Portuguese Bonds Underperform Before Crucial Ratings Review

  • DBRS is scheduled to review nation's rating on Friday
  • A downgrade to junk may jeopardize nation's QE eligibility

Portuguese bonds underperformed their euro-area peers, sending the yield premium over German bunds to the most since July, as investors awaited a credit rating review that could see the securities excluded from the European Central Bank’s asset-buying program.

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