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1/12/11

European stocks higher after Portugal bond sale

European stock markets were higher on Wednesday as eurozone debt worries were soothed by Portugal's successful bond auction and record economic growth for Germany, analysts said. Portugal paid lower rates on long-term debt Wednesday as it raised 1.25 billion euros ($1.62 billion) in a critical test for its credibility and that of the wider eurozone in the financial markets.

The Portuguese debt agency said the yield or the rate of return for investors in the bonds maturing in June 2020 came in at 6.716 percent, down from 6.806 percent at a similar sale in November.


For more: European stocks higher after Portugal bond sale - The Economic Times

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