Yields on fringe European sovereign debt are blasting higher right now on the rumour from FT Alphaville that Portugal will default TOMORROW.
UPDATE 9:55 AM ET: The analyst who wrote the report has admitted to getting it wrong. More on that here >
The source of the Portugal rumours is a firm called High Frequency Economics.
Here’s the mention of a Portuguese default, from FT Alphaville:
Photo: FT Alphaville
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