Portugal is Next After Greece
By: Wall Street Pit
Posted on January 26, 2012 at 09:53 AM EST
It ain’t over until it’s over… The yield on the 10-year Portuguese government bond closed above 14.80 percent yesterday, a new record for the euro-era. “The markets are pricing in a Portuguese default with 10-year bonds trading at about 50 percent of par, a deeply distressed level in the eyes of many investors.” (link) “Friday [...]
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