February 28, 2020 / 9:54 AM / 3 months ago

Turkey CDS hit four-month high after death of soldiers in Syria

LONDON, Feb 28 (Reuters) - The cost of insuring exposure to Turkey’s sovereign debt climbed to a four-month of 351 basis points on Friday as tensions in the region escalated following the death of 33 Turkish soldiers in an air strike in Syria.

Turkey’s five-year credit default swaps (CDS) added 25 bps from Thursday’s close, according to IHS Markit data.

Reporting by Tom Arnold; Editing by Alison Williams

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