Jan. 26 (Bloomberg) -- The European Central bought Portuguese government bonds today, according to three people with knowledge of the transactions, who declined to be identified because the deals are confidential.
A spokesman for the central bank in Frankfurt declined to comment when contacted by phone today.
Portuguese 10-year bonds pared a drop. The yield was 31 basis points higher at 14.91 percent at 12:04 p.m. London time after earlier jumping as much as 47 basis points.
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