Sovereign CDSs at record levels

Five-year senior credit default swap (CDS) spreads referencing Spain widened to a record 153.6 basis points at 11:30am London time from 142.5bp at the close of trading yesterday after its AAA sovereign credit rating was downgraded by credit rating agency Standard & Poor's.

CDSs on Portugal moved out to 147.9bp from 134bp, while the cost of credit protection on Ireland jumped to 281bp from 275bp, according to credit information specialist CMA Datavision.

CDSs on US sovereign debt, which closed at

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here