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Middle East debt insurance costs rise, Markit says

Posted on 04 February 2011

From Arabianbusiness.com: The cost of insuring Egyptian and other Middle Eastern debt against default rose on Thursday after supporters of president Hosni Mubarak killed at least five anti-government protestors in Cairo.
Egypt’s five-year credit default swaps rose twelve basis points from Wednesday’s close to 400 bps, according to Markit, but remain below nearly-two-year highs of 450 bps hit earlier this week……………………………………….Full Article: Source

 
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