The yield on Portuguese 5 year notes hits a new post-EMU high today, rising 15 basis points to...

|By:, SA News Editor

The yield on Portuguese 5 year notes hits a new post-EMU high today, rising 15 basis points to 7.92%, as its finance minister asks EU leaders (currently meeting in Brussels) to understand the "seriousness" of the situation. The yield on Spanish and Italian paper falls, traders betting the "contagion" ends at Portugal.