Let's see a show of hands . . . who's sold their Portuguese bonds yet? Those who haven't are in for some fun times thanks to spiking yields:
Didn't Greece have to go the IMF when its own bond yields exhibited this kind of action? I wish I had the data to confirm it but I just don't care that much about European bonds. I only pay attention to this kind of action when collapsing confidence in European economies makes equities temporarily cheaper.
Full disclosure: No positions in European bonds.
Borrowing rates edged up across much of the rest of Europe after a eurozone growth figure was revised down, but traders were by far most worried about Portugal — its 10-year government bond yield spiked above 7.1 percent.
Didn't Greece have to go the IMF when its own bond yields exhibited this kind of action? I wish I had the data to confirm it but I just don't care that much about European bonds. I only pay attention to this kind of action when collapsing confidence in European economies makes equities temporarily cheaper.
Full disclosure: No positions in European bonds.
