Alright have some data now. (Thanks to Markit)
Portug CDS 5 years was at 1049 on december 2nd and is at 1263 on january 19th. 200 bps in a little more than a month if discounting the holidays. Not good...

Leading MNI to write - Fears that Portugal could be the next Eurozone member to restructure its debt drove up yields on the country’s sovereign bonds Wednesday as the cost of insuring them rose to a record high.

Credit default swap contracts on Portugal climbed 62 basis points to 1,240, signalling a 64 percent probability of default within the next five years, according to the financial information firm Markit.

Yields on Portugal’s 2-year notes climbed 9 basis points to 15.24%, while its 10-year bond yields rose 5 basis points to 14.30%.