{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Struggling country hopes to raise 1.5 billion euros from bond auction sales' data-url='/boclips/videos/5c54bd76d8eafeecae13455c' data-video-url='/boclips/videos/5c54bd76d8eafeecae13455c' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nStruggling country hopes to raise 1.5 billion euros from bond auction sales\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Close up of screen reading (English) \"Portugal to sell 154-Day bills\" and \"Portugal to sell 354-Day bills\"2. Wide of screens showing market information and brokers working in trading room3. Close up of broker watching a screen and...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Close up of screen reading (English) \"Portugal to sell 154-Day bills\" and \"Portugal to sell 354-Day bills\"\u003cbr/\u003e2. Wide of screens showing market information and brokers working in trading room\u003cbr/\u003e3. Close up of broker watching a screen and speaking on phone\u003cbr/\u003e4. Brokers working\u003cbr/\u003e5. Joao Leite, head of investments at Carregosa Bank, working\u003cbr/\u003e6. Screen showing results of the t-bills auction\u003cbr/\u003e7. SOUNDBITE (English) Joao Leite, head of investments at Carregosa Bank:\u003cbr/\u003e(referring to bond auction)\u003cbr/\u003e\"It's successful, it's a half a percentage point above the treasury bill that was issued last May for one year, so we are paying a little bit more than what we paid in May for the same type of treasury bills, but I think it is successful, especially if we compared this with the treasury bonds. We have a treasury bond for October 2014 which is trading on the secondary market at 4.97 percent, nearly 5 percent, and we are issuing today treasury bills for one year, which is July 2014, at 1.72 so it's a clear indication that people are more concerned with treasury bonds rather than treasury bills.\"\u003cbr/\u003e8. Various of brokers working in the trade room\u003cbr/\u003e9. Close up of screen\u003cbr/\u003e10. SOUNDBITE (English) Joao Leite, head of investments at Carregosa Bank:\u003cbr/\u003e\"Until we have a moment where we see, we have some visibility, towards if we are going to have elections, or, if we have an agreement, what are the terms of the agreement, are we going to have to negotiate with the troika the terms of the agreement (bailout programme) signed in 2011? Is the troika willing to re-negotiate them? So, until we have some visibility, I don't think we have much room for the government bond yields (10 year bonds) to go lower; they will be trading at a higher level than in the beginning of the year.\"\u003cbr/\u003e11. Mid of broker\u003cbr/\u003e12. Close up of screen\u003cbr/\u003ePortugal on Wednesday held an auction of bonds worth 1.2 billion euros (1.6 billion US dollars), amid a political crisis that has forced the country's main parties to work together on finding a way to strengthen the economy.\u003cbr/\u003eThe auction for 1.2 billion euros (1.6 billion (b) US dollars) of 12-month paper fetched a rate of 1.72 percent, up from 1.23 percent for a comparable sale in May.\u003cbr/\u003eInvestors have demanded higher interest rates to buy the bonds - the rate for 5-month bonds was 1.05 percent for the sale of 300 million euros, up from 1.04 percent a month ago.\u003cbr/\u003eJoao Leite, head of investments at Carregosa Bank, said bond prices were hinging on a solution to the crisis.\u003cbr/\u003e\"Until we have some visibility I don't think we have much room for the government bonds yields (10 year bonds) to go lower; they will be trading at a higher level than in the beginning of the year,\" he said.\u003cbr/\u003ePortugal's government almost collapsed two weeks ago when coalition partners disagreed over austerity.\u003cbr/\u003eThe parties have set a deadline of this weekend to hammer out a way to prevent an early election and solve the country's financial problems.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator 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