Eurozone CDS spreads stabilise

The cost of insuring sovereign debt has broadly stabilised across the eurozone following dramatic falls yesterday, as the markets continue to digest the impact of the joint European Union (EU) and International Monetary Fund (IMF) emergency loan package.

Data provided by CMA DataVision shows that at 09:30 BST today the cost of five-year credit default swap (CDS) protection on Portuguese sovereign debt was 258 basis points, only slightly wider than its Monday close of 254.6bp. The picture was sim