Greece CDS rises as debt fears resume
Δημοσιεύθηκε από olympiada στο Μαρτίου 12, 2010
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LONDON, March 11 (Reuters) – The cost of insuring Greek government debt for five years rose on Thursday, and bond yield spreads against German bonds widened as market jitters over mounting debt problems in Greece resurfaced.
Greek credit default swaps rose to 303.8 basis points from 285.3 at the New York close on Wednesday, meaning it now costs 303,800 euros to insure 10 million euros of exposure, according to prices from CMA Datavision.
“There are still many clouds on the horizon. They’ve done well to put (forward) the new austerity measures last week, but (Greece’s problems) are not over,” said Kenneth Broux, market economist at Lloyds.
The yield spread between Greek two-year bonds and German Schatz bonds GR2YT=RREU2YT=RR expanded to 421 bps, 41 basis points wider on the day.
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