Portugal was downgraded two notches to A- (Reuters) on high debt levels/budget deficits. It's now more difficult for Portugal to tap markets for capital as risk rises (Bloomberg). Bloomberg.com provides data on Portuguese Government Bonds @ GSPT10YR:IND Portuguese 10 Year Note and GSPT2YR:IND Portuguese 2Y Note. Here are chart snapshots from Bloomberg. The Portugal 2-Year Bond spiked to 4.92% and the 10-Year Bond hit 5.71%. From CMA Datavision, Portugal 5-Year credit default swaps were up 24% to 385.89 basis points (3.8589%) and Ireland CDS actually widened the most, up 27% to 252.71bps. The Dow Jones Portugal Equities Index ended down 5.22% and pierced support (or actually testing the low-of-day from February). A Zona Euro tem problemas.
|$PTDOW: DJ Portugal Index (Stockcharts.com)|
|Portuguese 2-Year Bond Yield Spikes to 4.92% (Source: Bloomberg)|
|Portugal 10-Year Bond Yields 5.71% (Source: Bloomberg)|