November 16, 2010 / 4:09 PM / 9 years ago

EURO GOVT-Greek yield spread, CDS up on Austrian aid comments

LONDON, Nov 16 (Reuters) - The cost of insuring against default by Greece and the premium investors demand to hold the country’ bonds rather than lower-risk German Bunds jumped on Tuesday after Austria said Athens had not met aid commitments.

Five-year credit default swaps were 100 bps wider on the day at 950 bps, according to monitor Markit, while the 10-year yield spread between Greek and German government bonds was 15 bps wider at 923 bps.

Greece has not fulfilled commitments for its European Union-backed aid package, Austrian finance minister Josef Proell said on Tuesday, adding that Vienna had not yet submitted its contribution for December [ID:nLDE6AF1UJ].

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