CDS spreads reach 18-month high in Bahrain

Risk perceptions rose across the Middle East and North Africa region today, with the wave of political tension unleashed earlier in the year showing no sign of dissipating.

Bahraini credit default swap (CDS) spreads reached their highest point since the aftermath of the financial crisis in July 2009, widening from 280 basis points at close of trading yesterday to 300bp by 1pm UK time today, according to financial information provider Markit. Clashes between anti-government demonstrators and the

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