Political crisis costing the country millions - The Guardian

Portuguese debt sell off accelerates

Traders have been dashing to sell Portuguese debt this morning, driving down its price - and thus pushing up the interest rate (yield) on the bonds.

From below 6.5% on Monday morning, the yield on 10-year Portuguese debt has now hit 8%, according to Tradeweb data. That means it is seen as increasingly risky.

Portuguese 10-year bond yields, July 3 2013 Photograph: /Thomson Reuters