Original Post: Another big move higher in 2-year Portuguese bonds today.
In fact, at a yield of 8.172%, they're now yielding more than 10-year Portuguese bonds, which offer 8.102%.
Paging the IMF...
As for other markets, things are fairly quiet. Japan ended higher. Shanghai ended down just less than 1%.
US futures aren't doing a whole lot, but there's a lot of news coming out today, so it could all change fairly easily.
Update: The rout gets even worse, as 2-year yields hit 8.233%.
Update 2: And things get even worse following news that the 2010 budget deficit came in at 8.6% of GDP vs. 7.3% goals.
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See Also:
- Early Estimates On A Portuguese Bailout Say It May Need As Much As $113 Billion
- Remember How The Portugal Austerity Vote Was Going To Destroy The Euro?
- Portugal Situation Deteriorating As Debt Downgrade Sends Yields Through The Roof
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