Eurozone peripheral CDSs keep tightening
Credit default swaps (CDSs) on Portugal have dropped 20 basis points from close yesterday to 439bp at 1pm today, continuing their steady fall from a peak of 540bp on January 11, according to data from market information specialist Markit.
CDS spreads on Spain have declined from 326bp at close of trading on January 12 - the day before the government's successful five-year bond auction - to 268bp as of 1pm today.
Risk perceptions of other eurozone sovereigns improved further today. The cost of
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