Debt insurance costs in the Middle East and North Africa mostly rose further on Friday, led by a 12 basis points rise in Bahrain, but Lebanon's five-year CDS bucked the trend to drop nearly 30 bps, Markit said.
Egyptian credit default swaps rose a further 4 bps to 393 bps though this is down from 18-month highs above 450 bps hit recently, the data provider said.
Bigger moves were seen in the Gulf countries, with Bahraini CDS rising 12 bps to an 11-month high of 260 bps on fears that Egypt-style unrest could spread in the oil-rich kingdoms.
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