Contagion Hits Portugal Debt
The cost to insure Portugal debt rose to an all-time high as worries that the problems Greece has had raising money has spread. Recently, the borrowing costs of most troubled EU nations has fallen, so the Portugal issue is reverse…
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The cost to insure Portugal debt rose to an all-time high as worries that the problems Greece has had raising money has spread.
Recently, the borrowing costs of most troubled EU nations has fallen, so the Portugal issue is reverse of that trend.
According to Reuters
Worries over Greece drove the spread between Portuguese and German 10-year yields to euro-era highs and the cost of insuring Portuguese debt against default also hit fresh peaks.
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