Credit default swap (CDS) spreads on Ireland narrowed one basis point today to 631bp, while spreads on Greece narrowed from 938bp to 880bp, according to data provider Markit.
However, CDS spreads on Portugal, Italy, Spain and Belgium all rose today. Spreads on Portugal increased from 453bp at close of play yesterday to 462bp at 1.00 pm today. CDS spreads on Italy were up at 193bp at 1.00 pm, from 188bp yesterday.
Spain's CDS spreads rose from 269bp to 277bp over the same period, after the econom