Iceland Sovereign CDS Gap Out

07 Oct 2009

The price of buying a credit-default swap on Iceland's debt rose 59 basis points to 415 bps.

The price of buying a credit-default swap on Iceland's debt rose 59 basis points to 415 bps, on fears the country's parliament may abandon its International Monetary Fund program. There is disagreement among Iceland's political parties about the loan program and some politicians are openly skeptical.
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