Are you sure?

CDS widens

Hungary's credit default swap (CDS) spreads – which show the cost of insuring the country's sovereign debt – narrowed to around 360bp in London trade on Tuesday from 367bp at the end of the session on Monday, analysts at CMA DataVision told MTI.

CDS spreads widened more than 50bp on Monday from the previous close of 316.4bp after talks between the government and delegations from the IMF and EU on Hungary's financial aid package were suspended at the weekend to give the government more time to clarify open questions.