Friday, February 3, 2012

Who is Buying Portuguese Debt?

Other than the ECB...  Would you loan money to someone with this outlook?  At any rate?  Unless credibly guaranteed?  Cause god knows their eventual default...I mean debt restructuring...voluntary, of course...won't be deemed will be declared not-a-credit-event by fiat, so as to not trigger your CDS protection.

Portugal Industrial Production

Portugal Unemployment Rate
Portugal Government Budget
Portugal Government Debt To GDP

Portuguese 10 yr. bond yields
One-Year Chart for PORTUGUESE GOVERNMENT BONDS 10YR NOTE PORTUGAL PL (GSPT10YR:IND)

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