LONDON, March 6 (Reuters) – The cost of insuring exposure to Japan’s sovereign debt rose to its highest in 23 months on Friday as investors remained on edge about the spread of coronavirus.
Five-year credit default swaps (CDS) for Japan’s sovereign debt jumped 3 basis points (bps) from Thursday’s close to 27 bps, their highest level since early April 2018, according to data from IHS Markit.
Chinese sovereign CDS climbed 7 bps to 51 bps, its highest level since August 2019, while Italy’s rose to 166 bps, the highest since the end of August. (Reporting by Tom Arnold; Editing by Kevin Liffey)
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