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Brexit vote pushes UK 5-yr CDS to nearly 4-yr high

Friday, June 24, 2016 - 18:07

[LONDON] The cost of insuring exposure to debt from the United Kingdom almost doubled on Friday after the country voted to leave the European Union, surging to the highest level in nearly four years.

Five-year UK credit default swaps (CDS) jumped by 23 basis points (BPS) to 56 bps from the previous day's close of 33 bps - the highest at least October 2012, according to financial data provider Markit.

REUTERS

 

For more coverage of the EU referendum, visit bt.sg/BrexiT