Portugal 10-year bond yield nears 0% as periphery cheers brighter sentiment ...Middle East

Italian and Portuguese bond yields hit fresh record lows on Wednesday, with Portugal's 10-year yield in striking distance of negative territory as upbeat sentiment globally provided another incentive to pile into Europe's lower rated bond markets. World shares rallied to a record peak after the formal start of U.S. President-elect Joe Biden's transition to the White House and on growing confidence surrounding COVID-19 vaccines.

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