Tuesday December 2, 12:02 PM
US, UK, euro zone CDS hit record wides -CMA DataVision
LONDON, Dec 2 (Reuters) - The cost of protecting U.S., UK and several major euro zone government debt against default jumped to a record high on Tuesday, credit data company CMA DataVision said.
Five-year credit default swaps on
UK government debt jumped 7 basis points to 106.4 basis points while the 10-year U.S. Treasury CDS was at a record 66.4 basis points, up two basis points.
Five-year Italian government CDS widened to 161.5 basis points from 155 basis points at Monday's close while the French equivalent reached a record 56.8 basis points from Monday's 54.4 basis points.
(Reporting by Natalie Harrison and Emelia Sithole-Matarise) Keywords: MARKETS CDS
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