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This is what has Euro bears tearing their hair out.
Moody's downgraded Greece this morning by three notches.
Portuguese yields are blowing out, to what are basically all-time highs.
And... the euro is surging to $1.40.
Something's wrong with this picture, it would seem.
For more on the euro, see Morgan Stanley here.
Here's a one-year look at Portuguese yields:
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