LONDON, Dec 21 (Reuters) - The cost of protecting Greek government debt against default rose to 287.4 basis points and was just shy of a record high on Monday, according to monitor CMA DataVision.
Five-year credit default swaps (CDS) on Greek government debt climbed from 279.6 bps at the New York close on Friday, CMA said. The CDS marked a record high of 292.3 bps on Jan. 20.
It means the cost rose to 287,400 euros to protect 10 million euros-worth of Greek government bonds.
The risk of a default by Greek debt within five years also rose, to 23 percent from 21.5 prcent on Friday, CMA said.
Earlier, 10-year Greek government bonds <GR10YT=RR> yielded 278 bps over euro zone benchmark Bunds <EU10YT=RR> as concerns about Greece's fiscal situation continued. (
news)
(Reporting by George Matlock)