Portugal reports a 2010 deficit of 8.6% of GDP, far higher than the government's target of 7%....

|By:, SA News Editor

Portugal reports a 2010 deficit of 8.6% of GDP, far higher than the government's target of 7%. The country's yield curve inverts, the 2 year note yield shooting higher 27 basis points to 8.30%, and the spread to German paper rises to a post-EMU record of 486 basis points. The euro is unaffected at $1.421.