Record highs for Greek CDS raise market concern
Five-year credit default swaps (CDS) on Greek sovereign debt closed yesterday at a record high of 1,127 basis points, according to data provider Markit, after a downgrade from credit rating agency Moody's this week raised fears of a debt restructuring.
The swaps were trading tighter at 1.00pm UK time today, reaching 1,024bp, but low volumes make intraday prices on Greek CDS extremely volatile, and they can often differ substantially from the closing price. Moody's downgraded Greek sovereign debt
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Infrastructure
Derivatives
Repo-linked renminbi floaters fail to excite investors
Muted demand dents China’s hope for repo fixing to become debt market’s benchmark of choice
Receive this by email