Eurozone peripheral CDSs keep tightening
CDS spreads on eurozone peripheral sovereigns continued their downward trend today
Credit default swaps (CDSs) on Portugal have dropped 20 basis points from close yesterday to 439bp at 1pm today, continuing their steady fall from a peak of 540bp on January 11, according to data from market information specialist Markit.
CDS spreads on Spain have declined from 326bp at close of trading on January 12 - the day before the government's successful five-year bond auction - to 268bp as of 1pm today.
Risk perceptions of other eurozone sovereigns improved further today. The cost of
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