Today and tomorrow there are the G7 and G20 meetings, respectively.
One of the subjects that will be discussed in the meetings will be related to the European debt, in particular the debt of Portugal.
I have referred to this subject in the past, and according to recent report, Portugal will need to rollover its bonds worth of 4.5 billion Euros by tomorrow.
There are also concerns about Greece, Ireland and Spain that will need to be addressed.
The current government bonds yields (10 years notes) of Portugal is 8.66%, which is 4.29% points increase since the beginning of the year; Spain’s yield’s is at 5.26%; Ireland has a 9.24% yield; and Greece’s yield is 12.86%.
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