Portugal in crisis as yields spike above 8%

Portugal's financial crisis worsened today as the country's bond yields spiked above 8% and shares plunged, following the resignation of several key politicians.

The embattled eurozone nation - which has been one of the worst affected countries throughout the recent crisis - saw yields on its government debt jump in to danger territory today, having already risen sharply earlier this week. Having hit 6.749% on Tuesday, the 10-year bond yield spiked to a 7-month high in early trading, reaching a peak of 8.193% (according to Tradeweb data). Levels above 7% are considered to be unsustainable. The country is facing major political problems with Prime Minister Pedro Passos Coelho saying earlier this week he is trying to hold his government together...