Eurozone and UK CDS spreads calm following earlier volatility
Stability returns to CDS spreads across the eurozone in early morning trading, but some mixed news for Spain
The cost of insuring eurozone and UK sovereign debt has stabilised following a period of volatility earlier in the week.
Data provided by CMA DataVision shows that at 09:45 BST today the cost of five-year credit default swap (CDS) protection on Portuguese sovereign debt stood at 192.6 basis points, a small fall from yesterday's close of 194.5bp and far below its May 7 close of 425.1bp. CDS spreads on Greek sovereign debt closed below 500bp yesterday for the first time since April 21, and
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