Portugals turn

[BoyRacer]

Now it is Portugal: Watch those spreads. Widening by the minute!!! → investingcontrarian.com/glob … he-minute/

The spread between Portuguese and German 10-year bonds Monday morning. According to data from Tradeweb, the spread has widened about 25 basis points, or 0.25 percentage points. Granted, that’s still less than Greece, which has widened 75 basis points, or 0.75 percentage points. But the spread of Portugal versus German 10-year bonds has widened more than 80 basis points over the last two weeks. The yield on the Portuguese 10-year has risen 4.28% on April 12, to 5.3% Monday, making it more expensive for Portugal to borrow. The yield on shorter term Portuguese debt is rising fast too, which is not a good sign.

Are we looking at the next wave of EURO selling?

there is more

[CaveCanem]

So at present portugal will be lending to Greece at 5%.

[Dreaded_Estate]

Greece, Portugal and Ireland have widened the most in the sovereign market today

creditma.com/market-data

Portugal has now moved into the top 10 of default probabilities for countries.

Sovereign Wideners

Entity Name 5 Yr (%) (bps) CPD (%) Greece 711.46 +15.76 +96.88 43.67 Portugal 314.00 +12.61 +35.15 23.85 Ireland 205.19 +11.76 +21.59 16.54