CDS market holds breath as Greek bail-out talks continue
Spreads are static and volumes light as EU finance ministers and the Greek government try to reach agreement over bail-out terms
Credit default swap (CDS) spreads on eurozone sovereigns and peripheral banks remained quiet today, as officials from the Greek government met with European Union finance ministers in Brussels in an attempt to finalise the details of the country's second bail-out package.
Spreads on Greece itself narrowed slightly, from 69% at close of play on Friday to 68% at 3pm UK time today, according to data provided by Markit. Portugal, which also trades up front – meaning prices are quoted in percentage
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