Greek, Irish 5-yr CDS rises, Greek CDS scales 200 bps -CMA

LONDON Nov 26 (Reuters) - The cost of protecting Greek and Irish government debt against default jumped on Thursday, according to data monitor CMA DataVision, as debt problems in Dubai fuelled risk aversion.

The five-year credit default swap (CDS) on Greek government debt climbed to 201.1 basis points from 192.7 basis points at the New York close on Wednesday, CMA said.

It hit a peak of 285.1 bps in February during the height of the global economic turmoil, according to CMA.

The equivalent Irish CDS rose to 166.4 bps from 159.1.

This means it now costs 201,100 euros per year to insure an exposure of 10 million euros of Greek government bonds, up from 192.700 euros on Wednesday and 166,400 euros to insure an equivalent exposure of Irish government debt.

The premium investors demand to hold 10-year Greek government bonds rather than euro zone benchmark German Bunds also rose to 194 basis points, its highest since early May, according to Reuters charts.

The equivalent Irish premium reached 163 bps, the highest since early October. (Reporting by Emelia Sithole-Matarise) ((Reuters Messaging: emelia.sithole.reuters.com@reuters.net, Email: emelia.sithole@thomsonreuters.com; +44 20 7542 6752))