Tag: yields

Moody’s downgrades Portuguese Government debt

Moody’s downgrades Portuguese Government debt

Moody’s Investors Service has today downgraded Portugal’s debt rating, for the second time in less than a month, by one notch to Baa1 from A3. Moody’s also warned that a further downgrade is possible as a bailout becomes increasingly likely for the debt-laden country. It said the downgrade was “driven primarily by increased political, budgetary [...]

April 5, 2011 | 0 Comments More
Portugal reiterates it does not require financial assistance

Portugal reiterates it does not require financial assistance

Portugal has, once again, denied that it does not require an EU bailout as speculation mounts that it will follow Greece and Ireland and request emergency funds. The euro has been falling over recent days over debt concerns in the euro zone. The single currency is falling as investors are nervous that the debt crisis [...]

December 1, 2010 | 0 Comments More
EU dismisses reports of Portugal seeking bailout

EU dismisses reports of Portugal seeking bailout

Speculation has been mounting that Portugal is under pressure to seek a bailout from the EU rescue fund – however, the country continues to strongly deny the claims. European Commission President, Jose Manuel Barroso, has today also denied reports that the country is looking for a financial rescue package. Mr Barroso said the reports were [...]

November 26, 2010 | 0 Comments More
Portuguese strikes bring country to a standstill, fears for Spain grow

Portuguese strikes bring country to a standstill, fears for Spain grow

Portugal came to a standstill today after its biggest strike in more than 20 years as workers protested against the Government’s austerity measures. The Government has introduced massive spending cuts and tax hikes, which are currently being pushed through parliament. They are aimed at bringing the budget deficit down to 4.6% next year, from the [...]

November 24, 2010 | 0 Comments More
Ireland to outline its four-year austerity package

Ireland to outline its four-year austerity package

Ireland will become the latest euro zone nation to unveil unpopular austerity measures, in a move designed to bring down the country’s budget deficit. Many other nations have introduced similar measures but they are likely to cause protests and trade unions have already warned of “civil unrest”. Ireland is aiming to save €15 billion (£13 [...]

November 24, 2010 | 0 Comments More
Borrowing costs surge in Spain and Portugal

Borrowing costs surge in Spain and Portugal

Once again, fears for Portugal and Spain are raised as borrowing costs surge to high levels as Ireland’s debt crisis looks set to spread. Yields on 10-year Portuguese bonds rose to 6.9% - mimicking what happened in Greece and Ireland - just before they were forced to seek emergency aid. Meanwhile, 10-year Spanish bonds surged [...]

November 24, 2010 | 0 Comments More
Portugal and Spain could be next in line for bailout

Portugal and Spain could be next in line for bailout

Jean-Claude Juncker, Luxembourg Prime Minister and Eurogroup Chairman, has warned that Ireland’s debt crisis could spread to Portugal and Spain, despite assurances from both countries that Ireland’s emergency bailout will allay investors fears. Today, Portuguese Prime Minister, Jose Socrates, said it “has no need for any aid” and insisted that its difficulties are different to [...]

November 22, 2010 | 0 Comments More
Landlords earning 6.4% yields

Landlords earning 6.4% yields

The average yields earned by landlords increased to 6.4% in the second quarter, up from 6.2% in the first quarter, according to figures released by Paragon. This is the second consecutive quarter that yields have increased, after a prolonged period of stagnation. Yields - a property’s rental income as a percentage of its capital value [...]

July 16, 2009 | 0 Comments More