The cost of insuring Bahraini sovereign debt for five years rose 12 basis points on Monday following violent protests over the weekend that prompted the island kingdom to call on neighbouring Gulf Arab countries for help to maintain order and security.
Five-year credit default swaps rose to 305 bps, data from Markit showed, defying a broader easing seen for other regional sovereign credits.
The cost of insuring Bahraini debt hit 19-month highs of 318 bps late February when anti-government protests killed seven demonstrators. Demonstrations on Sunday saw protestors overwhelm police and cut off roads.
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