Eurozone's South still poses an enormous risk

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The yield on Portuguese 10-year bonds rose above 4 percent for the first time since February amid a wider selloff in European debt. The region’s securities are declining amid a seasonal pick up in supply at the start of 2017, with Portugal among nations expected to sell bonds via banks this month.

Portugal 10-Year Yield Climbs Above 4% as Selloff Deepens: Chart - Bloomberg