Political uncertainty drives Portugal's spreads wider

07/16/2013 | Markit Magazine, The · CreditFlux.com (free registration)

The call by Portugal's President Aníbal Cavaco Silva for elections immediately after the end of the nation's three-year bailout agreement with its lenders raised concerns in the markets about the political parties' support for further reforms. Portugal's CDS contracts traded at their widest spreads since November.

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Markit Magazine, The · CreditFlux.com (free registration)

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