The cost of insuring Bahrain's debt against default rose to a new 18-month high in the five-year credit default swap market on Wednesday, as protests continued in the country.
Thousands of Shi'ite demonstrators, inspired by popular revolts that toppled rulers in Tunisia and Egypt, poured into Bahrain's capital to mourn for a second protestor killed in clashes this week.
Bahrain's five-year credit default swaps rose 16 basis points to 275 bps, according to Markit, hitting their highest since Aug 2009.
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