LONDON Jan 2 Borrowing costs in Italy and
Portugal fell to multi-week lows on Monday after strong data and
a rally in equity markets boosted appetite for lower-rated euro
zone bond markets.
Portugal's 10-year government bond yield fell 9 basis points
to its lowest for almost four weeks at 3.71 percent
, while Italy's 10-year government bond yield fell
to an eight-week low of 1.75 percent.
Manufacturers in the euro zone started 2017 on a solid
footing, after ramping up activity at the fastest pace for more
than five years in December, a survey showed on Monday.
(Reporting by Dhara Ranasinghe; Editing by Louise Ireland)