Sovereign CDS markets unworried in early trading

Unrest continues in North Africa

Credit default swaps (CDS) on government debt around the Mediterranean remained largely unchanged by 1:00 pm UK time today, according to market information provider Markit, despite continuing anti-government protests in Cairo's Tahrir Square. Protesters seem now to be settled in for the long haul, but there are signs the Egyptian economy is adapting; banks have reopened and the stock exchange is set to resume trading on Sunday, February 13. Egyptian CDS speads dropped three basis points today