LONDON, May 22 (Reuters) – The cost of insuring debt issued
by China rose to a one-week high on Friday, reflecting worries
that Beijing’s move to impose a new security law on Hong Kong
will increase tensions with the United States.
Five-year credit default swaps for China
reached 52 basis points, up 4 bps from Thursday’s close, data
from IHS Markit showed.
The cost of CDS for Russia, South Africa
and Turkey also jumped by
between 5 and 14 basis points, the data showed.
(Reporting by Tom Arnold; Editing by Catherine Evans)
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