CDS up again on Bahrain after protests crushed

Bahrain trade centre

Credit default swaps (CDS) on Bahraini sovereign debt rose again in trading this morning, reaching 288 basis points (bp) by 1.00 pm today, after closing at 260bp yesterday, according to market information specialist Markit. Police moved in to  Pearl Square in the capital Manama early this morning and drove out or arrested protestors by force; three are reported dead and more than 300 injured, and the capital is now heavily patrolled by security forces, including armoured vehicles.

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