Romania’s central bank bought bonds on the secondary market this week, triggering a rally in the country’s government debt and prompting the cabinet to sell more debt than planned at domestic auctions, Bloomberg News reported. The bank purchased about 150m lei ($36 million) of local-currency government bonds from commercial lenders on March 8 and 9 in an attempt to rein in a spike in yields since mid-February. It was active for the first time since August, buying notes due July 2025 and January 2028, among others, the people said. Romanian bonds outperformed other local-currency debt from central and east Europe this week, with the yield on the country’s 2031 leu-denominated note, the most liquid Romanian bond, falling 38 basis points since Friday. Read more.