Markets
CDS rise after downgrade ’Irish’
LONDON : The cost of insuring Irish debt against default rose further on Wednesday after the country's credit rating was
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On Tuesday CDS reached a record high above 1,100 bps.
Ten-year Irish bond yields were almost 70 basis points higher at 14.19 percent, with 2-year yields up over 60 bps at 19.335 percent.
Copyright Reuters, 2011