Spanish Debt Risk Jumps to Record, Credit-Default Swaps Show
By Abigail Moses -
2012-07-25T07:43:27Z
The cost of insuring against a Spanish default rose to a record, according to credit-default swap prices.
Contracts tied to Spain’s debt climbed as much as seven basis points to 647 and were up four basis points at 644 as of 8:41 a.m. in London.
Credit-default swaps on Italy rose three basis points to 573, the highest since June 1, according to prices compiled by Bloomberg.
To contact the reporter on this story: Abigail Moses in London at amoses5@bloomberg.net
To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net
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