5-yr Greek, Portuguese CDS up on Greek deal newsflow

LONDON Feb 11 (Reuters) - The costs of protecting against a government debt default by Greece and Portugal rose on Thursday as details of a deal and possible obstacles for debt-stricken Greece came to light.

Five-year credit default swaps (CDS) on Greek government debt climbed to 352.0 basis points from 332.5 bps earlier in the session, according to data from CDS monitor CMA DataVision.

This means it now costs 352,000 euros to protect an exposure of 10 million euros-worth of five-year Greek government bonds.

The Greek CDS closed at 356.0 bps in New York on Wednesday.

The 5-year CDS for Portuguese debt rose to 198.0 bps - a session high - from 175.5 bps earlier and compared with 190.5 bps at the New York close on Wednesday.

Spanish, Italian and Irish five-year CDS also rose, but more moderately.

German CDS was at 47 bps -- a session high -- from 46 bps earlier. It closed at 46 bps in New York on Wednesday. The French CDS was at 64.5 bps, rising from 63.5 bps in New York on Wednesday.

The spread between 10-year Portuguese government bond yields and benchmark Bund yields widened by 4 bps to 122 bps PT10YT=RREU10YT=RR. (Reporting by George Matlock and William James)