Portugal’s government bonds rose, with 10-year yields falling to the lowest since 2006, after the nation held its first auction since a bailout in 2011 as its European Union-led aid program draws to a close.
A cut to Russian gas supplies to Europe due to escalating tensions in Ukraine would threaten the region’s economic recovery and gas-intensive industries including steel and chemicals, according to Fitch Ratings Ltd.
The Port of Long Beach, California, the second-largest U.S. container port, is selling $59.9 million in revenue bonds to refinance debt used for upgrades as cargo volumes recover from recessionary lows.
The smallest wave of municipal borrowing in three years is proving a boon for Illinois. The lowest-rated U.S. state is selling debt for the third time since February after winning the lowest bond costs since 2009.