(BBG) Portugal Says Drop in Bond Yields Due to Govt Policy Not ECB

And quite so.

(Bloomberg) — The decline in bond yields was achieved at a
time when the ECB’s asset purchase program for Portugal
represents less than half of what it was at the end of 2015,
Portuguese Finance Minister Mario Centeno says at a conference
in Lisbon.
* “Since April 2016, in fact, ECB strongly reduced its purchases
of Portuguese debt”: Centeno
* “The reduction in the spread between Portugal and other
European countries is a result of the effort of all Portuguese,”
Centeno says
* NOTE: Jan. 23, Europe’s Peripheral Bonds Continue to Press
Higher Ahead of ECB