CDS spreads slashed as EU emergency measures kick in

The cost of insuring sovereign debt has fallen dramatically across the euro area as the markets take stock of the European Union's emergency loan package, agreed early this morning.

The cost of five-year credit default swap (CDS) protection on Greek sovereign debt was slashed in early trading from 915.6 basis points at the close of trading on Friday to 532.2bp as of 10:00 BST. CDS spreads also fell across Portugal, Spain, Ireland and Italy, the sovereigns considered most at risk of contagion

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: