About Portugal’s Successful Debt Auction – So What?

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Heading into Portugal’s big bond auction last Wednesday, I wrote that things were looking ominous for the PIIGS, as the Euro had broken down, and yields were breaking out. (And I was honored to have Minyanville feature the piece, too!) Portugal’s bond auction went off smoothly, which set off the CNBC cheerleaders.  But did anything […]

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