Portugal's bond yields fall after Moody's upgrade, help push Italian yields down

LONDON, Oct 15 (Reuters) - Portuguese and Italian government bond yields fell on Monday, outperforming euro zone peers after ratings agency Moody's upgraded Portugal's credit rating by one notch back to investment grade.

Portugal's bond yields fell up to four basis points after Moody's lifted Portugal's credit rating to Baa3 on Friday, a move that came after the close of European markets.

Its 10-year yield was down 3.5 bps at 2.01 pct.

Analysts said the positive sentiment from the Portuguese upgrade spilled over into Italy's battered bond market.

Italian bond yields were down up to seven basis points, with 10-year yields falling 4.5 bps to 3.53 percent. (Reporting by Virginia Furness; Editing by Dhara Ranasinghe)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Platinum, palladium, copper gain on green China, supply constraints

Gold stocks continue to soar as markets stumble

Gold stocks again reach new highs

Silver outpaces major metals in recent months

Another 'Bubble Check' for the gold sector