Monday, January 23, 2012

Portuguese Government Bond Market Halts Amid Uncertainty In Greece

Portuguese Government Bond Market Halts Amid Uncertainty In Greece

-- Trading in Portuguese government bonds dries up

-- ECB buying, liquidity injection for banks acts as only driver

-- Uncertainty over Greek restructuring package poses questions for Portugal

-- Portugal's CDS keep climbing to fresh records

By Nick Cawley and Art Patnaude Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--Trading in Portuguese government bonds has virtually ground to a halt in recent days, as market participants await clarity on the Greek debt-restructuring deal for how it may effect Portugal's future funding costs.

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