Wednesday, March 21, 2012
Graphs are reflected in the spectacles of a broker while working in a trading room of a Portuguese bank Wednesday, March 21, 2012 in Lisbon. Portugal managed to borrow almost euro 2 billion ($2.65 billion) at sharply lower prices in a short-term debt auction Wednesday, despite nagging concerns about its chances of beating a recession. The government debt agency said it sold 12-month treasury bills at an interest rate of 3.6 percent, down from 4.9 percent last month, and 4-month bills for 2.16 percent, lower than the previous 3.8 percent.
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