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Loan Modification

: Mortgage Lender Implode-o-Meter

ECB forced to step in to calm market fears over Portugal

By Implode-Explode Heavy Industries

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``Portuguese 10-year bond yields closed at 7.14pc on Friday. Lisbon officials have said 10-year yields above 7pc are not sustainable. Traders said the ECB was buying Portuguese bonds to prevent a steeper sell-off.''

Full post as published by Mortgage Lender Implode-o-Meter on January 08, 2011 (boomark / email).

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