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Portuguese yields at new highs;Greek talks plod on

From reuters.com

Portuguese government bond yields punched new euro-era highs on Friday on growing investor belief the country may follow in Greece's footsteps and require a second bailout, keeping safe-haven German Bunds well bid. Investors remained on edge as Greece's talks with private creditors to restructure its debt plodded on, cooling the rally in equities and other riskier assets spurred by the U.S. Federal Reserve's pledge to keep interest rates low. Greece needs a deal quickly with its creditors to avert an unruly default when a major bond redemption comes due in March. The creditors are demanding that the European Central ... (full story)

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