Portuguese 10-year security are up to 9.27% in yield, Greece at 15.78%.
Shorter maturities are even more pressured. Greek 2s are at a 25.0% yield, Portugal 2s are at 10.55%.
The chart below shows changes in yield versus benchmark German bunds. Greek yields are 26.8 bp wider on the day, a sign of stress.
A headwind for the euro…
