Greek five-year CDS narrows to 310 bps - CMA DataVision

LONDON, March 2 (Reuters) - The cost of protecting Greek government debt against default fell to 310,000 euros per 10 million euros of exposure, according to five-year credit default swap prices from CMA DataVision on Tuesday.

The cost was at 344,600 euros at the New York close on Monday.

The 10-year Greek/German government bond yield spread GR10YT=RR EU10YT=RR also narrowed to 294 basis points at one stage -- the tightest since mid-February -- from 315 bps at the European settlement on Monday, as investors bet the country will ultimately receive some form of aid to tackle its debt crisis.

While Greek bond prices rose, Bund futures FGBLc1 fell to a session low at 123.94, and was last at 124.02, down 31 ticks on the day.

(Reporting by Ian Chua)