The cost of insuring Egyptian sovereign debt against default or restructuring for five years rose 39 basis points on Friday, a day after President Hosni Mubarak told the country he would not resign.
Five-year credit defaults swaps for Egypt were quoted at 380 bps compared with 341 bps late Thursday, data monitor Markit said.
As a wary military looks on, Egyptian protestors enraged at Mubarak's refusal to step down are streaming into Cairo's Tahrir Square in what organisers bill as their biggest show of indignation.
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