Friday, February 5, 2010

Greek, Portuguese and Spanish CDS Rates Continue to Soar

The cost of insuring Greek, Portuguese and Spanish government debt against default rose to record highs according to monitor CMA DataVision, reports Reuters.

According to CMA DataVision, Greece's five-year sovereign credit-default swap spreads climbed to 4.46 percentage points in early trading Friday, up around .19 percentage point from Thursday's record wide close of 4.27 percentage points.

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