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Euribor 3-Month Climbs to 2.252% on Wednesday 13 May — Highest Print Since April 2025 as the Six-Month Settles at 2.485% and the Twelve-Month Reaches 2.798%, Putting Mild Pressure on Portuguese Variable-Rate Mortgages

Euribor 3-Month Climbs to 2.252% on Wednesday 13 May — Highest Print Since April 2025 as the Six-Month Settles at 2.485% and the Twelve-Month Reaches 2.798%, Putting Mild Pressure on Portuguese Variable-Rate Mortgages

The 3-month Euribor fixed at 2.252% on Wednesday 13 May, its highest level since April 2025. The 6-month settled at 2.485% and the 12-month at 2.798%. The drift up the curve reverses the spring 2025 ECB-cut narrative and tilts Portuguese variable-mortgage resets modestly higher.
The Portugal Brief
Polícia Judiciária Walks Three Suspects Into the Tribunal de Instrução Criminal do Porto on 13 May — Operação 'Saco Roto' Detects Over €1.8 Million of EU Funds Diverted Through 30 Co-Financed Operations Across Seven Districts, €100,000 Cash Seized

Polícia Judiciária Walks Three Suspects Into the Tribunal de Instrução Criminal do Porto on 13 May — Operação 'Saco Roto' Detects Over €1.8 Million of EU Funds Diverted Through 30 Co-Financed Operations Across Seven Districts, €100,000 Cash Seized

Polícia Judiciária's Guarda DIC arrested three suspects on Wednesday 13 May in Operação 'Saco Roto', detecting more than €1.8 million of EU co-financing diverted across 30 operations. About €100,000 cash seized. Detainees presented to Tribunal de Instrução Criminal do Porto.
The Portugal Brief
Caixa Geral de Depósitos Mandates Banks for €500 Million Senior Preferred Green Bond on Wednesday 13 May — 6NC5 Tenor, ~3.95-4% Yield Indication, Proceeds Funnelled to A/A+ Green Mortgages and Renewable Energy

Caixa Geral de Depósitos Mandates Banks for €500 Million Senior Preferred Green Bond on Wednesday 13 May — 6NC5 Tenor, ~3.95-4% Yield Indication, Proceeds Funnelled to A/A+ Green Mortgages and Renewable Energy

CGD mandated banks Wednesday 13 May for a €500M 6NC5 senior preferred green bond at ~3.95-4% (≈100-105 bps over the six-year mid-swap at 2.95%). Proceeds fund green mortgages on A/A+ certified properties and renewables. Third green issuance, expected S&P 'A'.
The Portugal Brief
Bolieiro Walks the Açores Into the First Conferência de Regiões in Ponta Delgada on 12 May Asking for More US and NATO Troops at Lajes — Regional President Pitches the Atlantic Archipelago as a Submarine-Cable and Data-Centre Hub for the Alliance

Bolieiro Walks the Açores Into the First Conferência de Regiões in Ponta Delgada on 12 May Asking for More US and NATO Troops at Lajes — Regional President Pitches the Atlantic Archipelago as a Submarine-Cable and Data-Centre Hub for the Alliance

The president of the Açores regional government, José Manuel Bolieiro, walked into the first Conferência de Regiões in Ponta Delgada on Monday 12 May 2026 and answered the obvious question that has hung over the Lajes file since the United States...
The Portugal Brief
Montenegro Walks 400 New PSP Agents Into the Lisbon and Porto Metropolitan Commands Through End-2026 — Carlos Moedas and Pedro Duarte Leave São Bento With 200 Agents Each, Plus a 500-Officer Esquadra Reorganisation in Porto, Lisboa and Setúbal

Montenegro Walks 400 New PSP Agents Into the Lisbon and Porto Metropolitan Commands Through End-2026 — Carlos Moedas and Pedro Duarte Leave São Bento With 200 Agents Each, Plus a 500-Officer Esquadra Reorganisation in Porto, Lisboa and Setúbal

Prime Minister Luís Montenegro walked out of an extraordinarily-scheduled meeting at São Bento on Monday 12 May 2026 with the Câmaras of Lisbon and Porto and announced that 400 new agents of the Polícia de Segurança Pública will be assigned to the...
The Portugal Brief