April 21 (Reuters) - The cost of insuring exposure to
United States sovereign debt rose to the highest level since
2011 on Friday, over market jitters that the government could
hit its debt ceiling sooner-than-expected.
Spreads on U.S. five-year credit default swaps widened to 51
basis points, data from S&P Global Market Intelligence showed. This is more than double the level they stood at
the start of the year.
(Reporting by Alden Bentley, Editing by Franklin Paul)
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