Portuguese Bank CDS Go Vertical

Portugal’s banks are starting to buckle under the pressure of their state’s fiscal crisis, as Greece’s debt problems spread across the continent.

It may have a smaller deficit, and it may have taken austerity measures, but Portugal’s banks are still feeling the pressure of their sovereign’s problems, and the value of CDS is starting to widen as a result.

From CMA Datavision:

CMA Portugal Banks

Check Out Who Else Gets Hammered In A Greek Default >

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