Affect of Portugal downgrade is here!!

This was evident and had to happen. As Moody’s downgraded Portugal to Ba2 status which means that the government bonds of Portugal are now in Junk category, the 10-Year yield of Portugal government bonds shot up by almost 2% today. It also had an affect on other PIIGS nations. All of them experienced rise in bond yield which means investors are now more worried about the debt of peripheral economics of EU and the efforts taken by EU, IMF and PIIGS government might just not be enough.

Portugal 10-Year Government Bonds – 13.05%

sovereign debt  Portugal 2011-07-06

Ireland 10-Year Government Bonds – 12.43%

sovereign debt  Ireland 2011-07-06

Italy 10-Year Government Bonds – 5.12%

sovereign debt  Italy 2011-07-06

Greece 10-Year Government Bonds – 16.82%

sovereign debt  Greece 2011-07-06

Spain 10-Year Government Bonds – 5.61%

sovereign debt  Spain 2011-07-06

Hitesh Anand

I am a post graduate from Newcastle University, UK. I like studying and analyzing economic data and financial health of world.

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