Marcus Ashworth, Columnist

Portugal's Fading Fixed-Income Star

The Troika doesn't like it when you give up on austerity.

January 30, 2017 at 6:00 AM UTC

Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. Previously, he was chief markets strategist for Haitong Securities in London.

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Tough times lie ahead for Portuguese bonds.

They were a euro area laggard last year, and 2017's looking pretty poor. European Stability Mechanism Managing Director Klaus Regling said last week markets are “nervous” about Portugal’s debt level, financial sector and competitiveness.