Portugal's 10-year bond yields have soared to about the same levels Greece's were at (17%) last...

|By:, SA News Editor

Portugal's 10-year bond yields have soared to about the same levels Greece's were at (17%) last August when the country was already negotiating a haircut on its debt and a 2nd bailout. "The path of least resistance (for Portugal) seems to be more repricing towards a potential Greek-style PSI," says Commerzbank's David Schnautz.