Dubai debt concerns re-emerged Friday as the cost of protection against a default by the Persian Gulf emirate climbed to the highest level since November, according to data provider Markit.
The price of credit default swaps on Dubai government debt jumped to 630 basis points on Friday, up from 592 on Thursday, Markit data show. These CDS prices were last above the 630-point mark on Nov. 27, when they traded at 634 basis points.
The entire story can be found here:
http://www.marketwatch.com/story/dubai-debt-concern-grows-2010-02-12
Next week should be another interesting week
Saturday, February 13, 2010
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