Deals in Focus: Greece 5yr and Portugal 10yr

Struggling peripheral European economies have drawn much attention since the end of 2009, particularly after Greece’s mounting fiscal deficit caused it to be downgraded in December by Fitch Ratings, Moody’s Investors Service and Standard & Poor’s.

Consequently, the recent bond issues by Greece and Portugal were keenly watched by other sovereign issuers as well as investors. While both attracted strong demand at launch, the secondary market performance of the deals varied dramatically, leaving qu

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