News Headline Summary

Portugal sets initial price thoughts on 5y bond tap at MS+410bps area, according to sources

Update details:

- It was reported yesterday that Portugal hired banks for tap of 4.35% October 2017 bond.
- This follows on from reports last week that Portuguese debt agency is to tap into improving market sentiment by issuing bonds and bills with an eye to a full return to markets "as soon as possible.

Reaction details:

- PO/GE 10s little changed this morning at 430bps.

Print 08:52, 23 Jan 2013 - Fixed Income - Source: Newswires