February 8, 2010 10:49

Greece, Spain default fears ease, Portugal rises

Posted In: News

LONDON (MarketWatch) — The cost of insuring Greek and Spanish government debt against default fell Monday, while the cost of insuring Portuguese debt continued to climb in relatively subdued market conditions, according to CMA DataVision. The cost of insuring $10 million worth of Greek debt over five years fell to $398,000 annually, down from around $407,500 late Friday. The cost of insuring Spanish debt fell by around $3,000 to $163,500, while the cost of insuring Portuguese debt rose to $235,000 a year from $227,000. The European single currency rose 0.1% versus the dollar to $1.3693.

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