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Monday, June 29, 2015

Greek Contagion Uncontained: Portugal Bond Risk Spikes Most In Over 7 Years

Greek Contagion Uncontained: Portugal Bond Risk Spikes Most In Over 7 Years

Tyler Durden's picture


 
Portuguese bond risk spiked a massive 49bps today. Early efforts to limit the contagion failed and Portuguese risk went out at its highs of the day and the biggest spike in risk since March 2008. Yes we know Draghi has a big bazooka but so does China... and how did that work out?


Let us be clear - this is not "contained," no matter what you are told.

Charts: Bloomberg


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