October 9, 2018 / 10:23 AM / 2 months ago

Pakistan CDS fall after finance minister says seeks talks with IMF

LONDON, Oct 9 (Reuters) - The cost of insuring Pakistan’s sovereign debt against default fell 13 basis points on Tuesday after the country’s finance minister Asad Umar said on Monday the government would seek to open talks with the International Monetary Fund this week.

Pakistan 5-year credit default swaps declined to 451 bps after closing at 464 bps on Monday, according to data from IHS Markit.

Reporting by Karin Strohecker Editing by Jamie McGeever

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