The government treasury and public debt agency (IGCP) sold €300 million in three-month debt at 0.007%, well down on the last comparable auction of 0.061%, in February.


The minimum yield offered during the auction was -0.001%.


Demand was 4.62 times the supply.


The country also sold €950 in 11-month notes at an average yield of 0.015%, also lower than the 0.138% seen at the last auction on 18 February.


The asset management director at Banco Carregosa, Filipe Silva, said that Portugal continued to “beat records” and “benefit greatly from the ECB debt purchase plan".