The escalation in the interest of the Portuguese debt continues. The 'yield' associated with obligations to the Portuguese ten years is to rise by 11.9 basis points this Thursday, January 5, to 4,014%, the highest value since February 12, 2016. On this day, the 'yield' rang in 4,444%.
The trend of deterioration extends to the generality of the euro countries, at a time when the prospects of a rise in accelerated inflation in the region of the single currency are fueling fears that the European Central Bank (ECB) to consider a withdrawal in advance of the stimulus to the economy.
In Spain, the interest on the debt in ten years rise by 9.3 basis points to 1,526%, while in Italy the worsening is 10.6 points to 1,976%.
In Germany, on the other hand, the 'yield' advances by 2.6 points to 0,301%. Given that the climb of interest that Portuguese is far superior to that of 'yields' in Germany, also the risk premium associated with Portuguese debt is on the rise this Thursday. The feed is 9.8 points for 368,1 points, the highest value since February last year.
On Wednesday, the Eurostat revealed that inflation in the Euro Zone rose 0.6% in November, to 1.1% in December, driven by fuels, and exceeded the 1% for the first time since September 2013.
The increase was known a day after you know that the inflation in Germany rose to 1.7%, a level already close to the 2% target of ECB.
This evolution of the prices is the take many economists germans to press the monetary authority to increase the price of the money, advance Reuters on Thursday.
“it Is time to normalize [the monetary policy],” argues the chief economist at DZ Bank, Stefan Bielmeier, to the Bild newspaper, adding that now is “realizable” a change in interest rates.
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