Japan Buys Eurozone Bonds in Show of Support

Japan announced that it was prepared to buy bonds from Eurozone countries even as Portugal continues to deny it will require an emergency bailout. Yields on Portuguese 10-year bonds remained above 7 percent on Tuesday, a level widely regarded as unsustainable, despite European Central Bank intervention to buy them reported by traders on Monday.

Source: Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.