Saudi Arabia, Qatar, Lebanon 5-year CDS climb after tanker attacks - Reuters:
The cost of insuring exposure to the sovereign debt of Saudi Arabia, Qatar and Lebanon rose on Friday, a day after two oil tankers were hit in suspected attacks in the Gulf of Oman.
Five-year credit default swaps (CDS) for Saudi Arabia edged up 1 basis points (bps) from Thursday’s close to 88 bps, while Qatar’s inched up 1 bps to 66 bps, data from IHS Markit showed. Lebanon’s also climbed 1 bps to 910 bps after a dramatic rise on Thursday.
Washington has blamed Iran for the attacks, but Tehran bluntly denied the allegation.
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