The yield on Portugal's 10-year soared today to a new high of 14.138%. The Bernank has about 1 week to come up with a real bailout of Europe or this thing's gonna get ugly.
Forget about the IMF which needs Congressional approval, Europe will be bailed out directly by the Fed.
PORTUGUESE GOVERNMENT BONDS 10YR NOTE PORTUGAL PL (GSPT10YR:IND)
| Open: | 13.87600 | High: | 14.13800 | Low: | 13.84000 |
|---|
