Reuters logo
Egypt debt insurance costs fall sharply-Markit
July 4, 2013 / 9:21 AM / 4 years ago

Egypt debt insurance costs fall sharply-Markit

LONDON, July 4 (Reuters) - The cost of insuring Egypt’s debt fell sharply in the five-year credit default swap market on Thursday after the country’s army overthrew president Mohamed Mursi and installed the head of the constitutional court as interim head of state.

Egypt’s five-year CDS fell 80 basis points to 816 bps, according to Markit, after hitting record highs above 900 bps earlier this week.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below