Euro peripherals mull exchange deals: Gary Jenkins column

Chop and exchange

Gary Jenkins

The turning of a calendar year is normally greeted with a hope that the coming year will be better than the one just passed. That has certainly been the case in the markets over the last few years, as we have tumbled from disaster to crisis with barely time to draw breath. The rollercoaster ride may finally be slowing down, but only after 2011 began with the prospect of European peripherals coming off the rails.

At the end of the first week of this year, the yield on Portuguese 10-year debt had

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