“The sharp movements in bond yields we are seeing this morning highlight the fact that investors were not expecting this political turmoil in Portugal,” said Nicola Marinelli at Glendevon King Asset Management in a WSJ.com report. “If this political instability can happen in Portugal, then investors must be aware it can happen in other euro-zone countries.”
So far this year, VGK is up about 1% after a 4% decline the past month.
Vanguard FTSE Europe ETF (NYSEArca: VGK)