Ahead of the debt talks in Greece, and a key European Union summit,Portugal’s bond yields rose sharply on Monday. At one point, 10-year Portuguese debt were trading 26 basis points higher at 15.54, while five-year debt was up 104 basis points at 21.44 in morning trade. The past two weeks have seen unrelenting pressure on Portuguese bond yields, with the widely followed 10-year bond yield rising more than three percentage points to over 15%. Portuguese bonds have come under particularly intense pressure from investors, who were forced to sell their bond holdings, after Standard & Poor’s downgraded 15 euro zone…
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