Portuguese govt bond yield spread at new highs

LONDON, Nov 24 (BestGrowthStock) – The premium investors demand to
hold Portuguese government bonds rather than German benchmarks
hit a euro lifetime high on Wednesday with peripherals under
intensifying pressure after Ireland’s credit rating was cut.

The Portuguese/German 10-year bond yield spread
(PT10YT=TWEB: ) (DE10YT=TWEB: ) widened to 481 basis points from
around 450 bps at Tuesday’s settlement.

“The fear in bond markets is now being concentrated on the
Iberian peninsula,” said Philip Shaw, chief economist at
Investec.

Portuguese govt bond yield spread at new highs