Greece, Portugal credit default swap costs jump-CMA

NEW YORK, April 14 (BestGrowthStock) – The cost to insure the debt
of Greece and Portugal jumped on Wednesday amid broad weakness
in Western European sovereign debt, according to data by CMA
DataVision.

Greece’s credit default swap costs jumped to 435 basis
points, or $435,000 per year to insure $10 million in debt for
five years, its highest level since April 8, CMA said. The
contracts closed on Tuesday at 380.5 basis points.

Portugal’s credit default swaps also widened to the weakest
level since mid-February, at around 183 basis points, out from
155 basis points on Tuesday, CMA said.

Investment Research

(Reporting by Karen Brettell; Editing by Dan Grebler)

Greece, Portugal credit default swap costs jump-CMA