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Things In Portugal Are Getting Worse
Despite media rumors that the Portuguese foreign minister Portas, who resigned on Tuesday precipitating a complete collapse in Portugual bond prices and ushering in the latest European political crisis, has agreed to stay in the government as a Deputy PM and economy minister (nothing like some title inflation-pro-quo), things in Portugal are rapidly turning from bad to worse. To wit: PORTUGUESE 10-YEAR BONDS DECLINE; YIELD RISES 14 BPS TO 7.60% PORTUGUESE TWO-YEAR NOTE YIELD RISES 60 BPS TO 5.64% PORTUGUESE 2-YEAR YIELD REACHES 5.66%, HIGHEST SINCE NOV. 20 The main reason for the collapse appears to be the near ... (full story)
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- Jul 4, 2013 9:10am Jul 4, 2013 9:10am
- Fx-gtg
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- _Raghu_
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Money is What Money Does
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- espen
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- Exodus
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Carbon-Dioxide: the gas of life!
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- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir