The Portuguese 10 year yield passed 15% today for the first time, as Portugual has now officially morphed into Greece. The banking system cannot handle a default the size of Portugal.
QE to Infinity.....AND BEYOND!!!
PORTUGUESE GOVERNMENT BONDS 10YR NOTE PORTUGAL PL (GSPT10YR)
Open: | 14.81800 | High: | 15.14100 | Low: | 14.55800 |