Eurozone CDS spreads continue narrowing trend

Risk perceptions on eurozone sovereigns fell once again today, continuing their  decline across the region. Greece once again led the way, with credit default swap (CDS) spreads on the nation's debt narrowing from 927 basis points by close of play yesterday to 861bp at 1pm today, according to information from financial information provider Markit.

Other peripheral sovereigns enjoyed less spectacular declines over the same period – spreads on Portuguese debt moved from 469bp to 455bp, while Spain