It now costs 8% more to insure against a French default than it does against a basket of...

|By:, SA News Editor

It now costs 8% more to insure against a French default than it does against a basket of European companies. Relatively thin trading in sovereign CDS, could be part of the reason, but fundamental play a part as well -  the strong cash position of corporations means they may be able to weather a bond market shutdown better than France.