Irish CDS spreads improve as coalition talks move forward
Fine Gael-Labour government expected soon
With a coalition deal expected soon in Ireland after the weekend's elections, perceptions of Irish sovereign risk improved again this morning. Credit default swap (CDS) spreads on Irish sovereign debt dropped to 575 basis points by 1.00pm UK time today, after closing yesterday at 586bp – also down from the close of 606bp on election day, February 25, according to pricing information specialist Markit. Negotiations are reportedly going well between the Fine Gael and Labour parties, which between
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