Spreads on U.S. five-year credit default swaps widened to 49
basis points, data from S&P Global Market Intelligence showed. This is more than double the level they stood at
in January this year.
(Reporting by Karin Strohecker; editing by Dhara Ranasinghe)
LONDON, April 20 (Reuters) - The cost of insuring
exposure to United States sovereign debt rose to the highest
level since 2011 on Thursday, over market jitters that the
government could hit its debt ceiling sooner-than-expected.
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