CDS spreads tighten across the eurozone for sovereigns, banks and non-financial companies

The cost of insuring sovereign, bank and major private company debt across the eurozone has fallen further in early-morning trading.

Data provided by CMA DataVision shows that at 09:30 BST today the cost of five-year credit default swap (CDS) protection on Greek sovereign debt was 473.6 basis points, almost half its May 7 close of 915.6bp and down on yesterday's close of 510.6bp. CDS spreads on sovereign debt also fell across Portugal, Spain, Ireland and Italy, the countries considered most at r