Action in Portuguese debt gives lie to EU officials' insistence that Greece is a "one-off"...

|By:, SA News Editor
Action in Portuguese debt gives lie to EU officials' insistence that Greece is a "one-off" situation. CDS prices are up 33 bps to a record 1,290 - the same level as Greece 8 months ago. While bond yields appear lower today, trading in the paper has pretty much come to a halt, with bid/ask spreads of several hundred basis points.