Italian and Portuguese bond yields set for first yearly rise since 2011

By Abhinav Ramnarayan and Dhara Ranasinghe LONDON (Reuters) - Italian and Portuguese government bond yields were on track on Friday to end 2016 with their first yearly rise since the 2011 euro zone debt crisis. There were noises at the start of the year about the Italian NPLs (non-performing loans) situation, and it is still very much in the spotlight," said BBVA strategist Jaime Costero Denche. Italy's 10-year government bond yield has risen about 23 basis points this year to around 1.83 percen