Greek, peripheral CDS prices fall, SovX lower
LONDON, March 1 |
LONDON, March 1 (Reuters) - The cost of insuring Greece's debt against default fell on Monday as speculation of a deal for the debt laden country grew.
The cost of insuring 10 million euros of exposure against default fell to 336,500 euros from 364,000 at Friday's New York close, according five-year CDS prices from monitor CMA DataVision.
Other sovereign CDS prices also fell, with Portugal down to 157.52 bps from 163.7 and Spain down to 124 bps from 129.5 bps.
The SovX index of Western European Sovereign CDS prices fell to 83.5 bps, from 90 bps.
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