The cost of insuring Egyptian and other Middle Eastern debt against default rose on Thursday after supporters of President Hosni Mubarak killed at least five anti-government protestors in Cairo.
Egypt's five-year credit default swaps rose 12 basis points from Wednesday's close to 400 bps, according to Markit, but remain below nearly-two-year highs of 450 bps hit earlier this week.
Lebanon's five-year CDS rose 24 bps, also to 400 bps, and Bahrain's 5-year CDS rose 14 bps to 238 bps. Bahrain's CDS hit their highest level since Sept 2009.
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