While politicians vex over Greece, Portuguese CDS prices continue to hit fresh records on fears...

|By:, SA News Editor

While politicians vex over Greece, Portuguese CDS prices continue to hit fresh records on fears that the country may also need to restructure its debt. The spread on the 5-year CDS widens to 1,310 bps from 1,279 bps yesterday, meaning that it costs $1.31M/year to insure $10M of debt against default for five years. (previous)