CDSs on eurozone periphery fall for third day
In the wake of Portugal’s successful bond auction of almost €1.25 billion yesterday, credit default swaps (CDSs) on eurozone sovereigns continue to trade down
Credit default swaps (CDSs) on Portugal fell from 510 basis points at close of trading yesterday to 496bp at 13:00 today.
The cost of insuring against an Irish state default fell from 650bp at close of trading yesterday to 638bp at 13:00 today.
CDSs on Italian debt lowered from 225bp to 217bp over the same period, while the cost of protection against Spain defaulting fell from 326bp to 319bp, according to data provider Markit.
Perceptions of the default risk of Greece fell the most, with CDSs on
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