September 5, 2018 / 9:42 AM / 2 months ago

S.Africa, Indonesia CDS at over 1-1/2 yr highs as EM selloff extends

LONDON, Sept 5 (Reuters) - The cost of insuring exposure to sovereign debt issued by South Africa and Indonesia rose on Wednesday, as a selloff across emerging markets deepened.

South African five-year credit default swaps (CDS) added 7 basis points (bps) to 263 bps and the highest level in 21 months, according to data from HIS Markit. Indonesian CDS added 4 bps to 146 bps - levels last seen 19 months ago.

CDS for Malaysia and Turkey climbed 6 bps and 4 bps respectively to trade at multi-week highs. (Reporting by Karin Strohecker)

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