CDS spreads on Germany approach six-month high
Credit default swap (CDS) spreads on German government debt widened over the weekend, from 54 basis points at close of play on Friday to 55bp at 1.00pm UK time today. This is one basis point below the six-month high of 56bp reached on November 30, according to data provider Markit.
The eurozone periphery presented a mixed picture today; Greece, Spain, Italy and Hungary all saw the credit risk perceptions of their debt fall, while Portugal and Ireland's CDS spreads rose.
Spreads on Greece
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