August 2, 2019 / 9:13 AM / 4 months ago

Tariff threat push China CDS to highest since late June

LONDON, Aug 2 (Reuters) - The cost of insuring exposure to China's sovereign debt rose to the highest level in more than a month on Friday after U.S. President Donald Trump warned of new tariffs on China.

China five-year credit default swaps (CDS) rose 5 basis points (bps) from Thursday's close to 46 bps, the highest reading since late June, data from IHS Markit showed. (Reporting by Tom Arnold; Editing by Alison Williams)

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