Portuguese deficit, Irish stress tests weigh on CDS spreads


An upwards revision in Portugal's deficit and the publication of Ireland's banking sector stress tests on Thursday saw a jump in the cost of credit default swap (CDS) protection on the two sovereigns.

Figures supplied by Markit, a financial information service, showed CDS spreads on Portugal climbed 22 basis points to 588.25bp by 15:37 in London. Lisbon on Thursday announced its revised 2010 budget deficit figure, which at 8.6% of gross domestic product, outstrips the 7.3% target and an earlier

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: