Portuguese bond yields are spiking to euro-era records, and Capital Economics is predicting a...

|By:, SA News Editor

Portuguese bond yields are spiking to euro-era records, and Capital Economics is predicting a default: "Portugal’s existing bailout package should ensure that is fully funded until the end of 2012. But with the 10-year government bond yield now above 16%, it may have to seek a second rescue deal well before that deadline expires."