Egyptian risk perception up again after Mubarak speech

map of egypt

Five-year credit default swaps (CDS) on Egyptian sovereign debt widened sharply this morning, going from 339 basis points at close of trading yesterday to 373bp at 1.00pm today, according to market data provider Markit. The rise came alongside renewed massive protests in all Egypt's major cities, with the state television building and the presidential palace reportedly besieged by crowds angry at Egyptian president Hosni Mubarak's refusal to resign. In a televised address last night, Mubarak pro

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