European Debt Insurance Costs Rise, Greece In Focus
Data: 19/09/2011 @ 10:00 Fonte: Dow Jones News
LONDON -- The cost of insuring European corporate and sovereign debt against default using credit default swaps widened significantly early Monday after a European Union finance ministers failed over the weekend to come to a resolution on how to best deal with the region's increasing debt woes.
Around 0645 GMT, the SovX Western Europe index, which investors can use to buy or sell default protection on a basket of 15 sovereign borrowers, was six basis points wider at 329/334 basis points, according to index owner Markit.
The iTraxx Europe index of 125 high-grade borrowers, including 25 banks and insurers, was 11 basis points wider at 186/187 basis points, while the Crossover index of 40 mostly sub-investment grade European corporate borrowers was 39 basis points tighter at 750/755 basis points.
Greece's government held an emergency cabinet meeting Sunday in an attempt to introduce measures to bring its budget deficit in line, after warnings from the other euro-zone nations over the weekend that its efforts were insufficient and might threaten the delivery of future aid.
Inspectors from the EU, European Central Bank and International Monetary Fund will be holding a teleconference with the Greek finance minister Monday to judge whether the Mediterranean country has done enough to bring its reform program back on track to allow the release of the EUR8 billion of funds due by the end of the month.
-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236;
[email protected]
Rispetto alle chiusure di venerdì aumento medio tra il 5 e il 6% dei cds finanziari e hy europei.
