March 31 (Bloomberg) -- Portuguese two-year notes dropped for a ninth day, pushing the yield to the highest since before the introduction of the euro.
The yield rose four basis points to 8.07 percent, the most since 1996, as of 8:37 a.m. in London. The 10-year yield was unchanged at 8.10 percent.
Irish two-year notes were little changed, with the yield at 9.53 percent, while the 10-year yield dropped two basis points to 10.08 percent.
March 31 (Bloomberg) -- Three of Ireland’s biggest banks may have to raise a combined 9 billion euros ($12.7 billion) in capital after stress tests are published today, said five people with knowledge of the matter.
Bank of Ireland Plc, the country’s biggest lender by market value, will seek as much as 5 billion euros, said two of the people. Irish Life & Permanent Plc will require more than 3 billion euros, while EBS Building Society will need about 1 billion euros, three people said. The people declined to be identified because the figures haven’t been made public yet. All three companies are based in Dublin.
Portuguese Two-Year Notes Yield the Highest Since 1999 — Ireland to Release Stress Tests Results Today — Euro Close Multi-Year High Against the Dollar
While the Euro is trading at above 1.42$ and is up 0.02 in 48 hours, the European are still crumble and trying to find some ways to avoid default...