Bahrain CDSs tighten again in quiet markets

Credit default swaps (CDSs) on the sovereign debt of Bahrain tightened today, going from yesterday's close of 312 basis points to 300bp at 1.00pm UK time today, according to market information specialist Markit. Violence continued in Libya, with the opposition reportedly taking over the important Mitiga air base near Tripoli, from which aircraft took off to bomb and strafe protesters earlier this week. Massive new protests were also reported in the Yemeni capital Sanaa.

But elsewhere in the regi