A new twist in European debt crisis - French government debt rose to a record on concern raising risks to record as crisis spreads
Sam Adelton
Nov. 10, 2011

Credit-default swaps on France rose nine basis points to 205, according to CMA prices at 1 p.m. in London, surpassing the record closing price of 202 set Sept. 22.

The cost of insuring against default on French government debt rose to a record level. The French economy is slowing down with enormous debts and the EU leaders are failing to contain the debt crisis, some analysts noted.

According to Bloomberg news reports, swaps on Italy fell eight basis points to 563 and Spain declined 11 to 420, after earlier rising to records, CMA prices show. Italy sold one-year bills at an average yield of 6.087 percent today after 10-year note yields surged past the 7 percent level at which Greece, Ireland and Portugal sought international bailouts.

A new twist in European debt crisis - French government debt rose to a record on concern raising risks to record as crisis spreads
Sam Adelton
Credit-default swaps on France rose nine basis points to 205, according to CMA prices at 1 p.m. in London, surpassing the record closing price of 202 set Sept. 22.
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