CDS spreads remain volatile in north Africa and Middle East

map of egypt

Despite the departure of Egyptian president Hosni Mubarak on February 11, forced from office by three weeks of sustained popular protest, the political tension in the country is still running high and continues to have effects across north Africa and the Middle East. Egyptian credit default swap (CDS) spreads climbed from 312 basis points at close of play on Friday to 327bp by 1.00pm today, according to data from financial information provider Markit. In Bahrain there have been clashes between d

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