Portuguese debt interest rates were rising this Tuesday at two, five and 10 years to new peaks of more than two years. At 08:35 in Lisbon, the 10-year rates advanced to 3.718%, a new high since April 2017, compared to 3.701% on Monday. The five-year rates rose to 3.264%, a new high since October 2023, and the two-year rates reached 2.992%, a high since July 2024.
Interest rates on other Southern European countries also rose across all maturities. Spain registered rates of 3.023% at two years, 3.301% at five years and 3.818% at 10 years. Greece showed the highest values, with 3.064% at two years, 3.468% at five years and 4.056% at 10 years. Italy had rates of 3.178% at two years, 3.605% at five years and 4.195% at 10 years.
The 10-year German bund rate, considered the safest in Europe, also rose from 3.365% to 3.375%. This widespread rise in interest rates reflects a context of greater risk aversion in European sovereign debt markets.
The data is from Bloomberg and refers to bid values, meaning the interest rates demanded by investors to purchase sovereign debt, compared to the previous session's close.
