CDS spreads tighten for eurozone debt crisis countries
Fall in cost of insuring eurozone sovereign debt follows a volatile week
The cost of insuring eurozone sovereign debt tightened in early-morning trading today (May 28) after a volatile week on the market.
Data provided by CMA Datavision shows the cost of five-year credit default swap (CDS) protection on Greek sovereign debt fell to 662.5 basis points at 10:30 BST, from yesterday's close of 686.2bp. This is significantly down on early-morning trading on May 25, where it stood at 745.7bp.
CDS spreads on sovereign debt across Portugal, Spain, Ireland and Italy, the
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