UPI – Portuguese debt went from buy to sell Wednesday, forcing yields to 10-year highs and renewing concern of a possible economic bailout, a rates strategist said.
“Once again we’re back into this lull where they (EU policymakers) have promised something and they haven’t given details. I think the market will become increasingly concerned about this, exactly as they did about packages for Greece and Ireland,” said Rabobank rate strategist Richard McGuire, the Financial Times reported Wednesday.
