PIIGS Debt Goes Boom, After A rumour About Portugal Defaulting TOMORROW

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:

rumour Portugal

Photo: FT Alphaville

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