LONDON, May 4 (Reuters)
The premium investors demand to hold peripheral euro zone government bonds rose on Tuesday and the cost of insuring against defaults was higher as worries remained over a bailout plan for Greece and fears of contagion to other issuers.
The ten-year Portuguese yield spread PT10YT=TWEB widened to 243 basis points from 218 bps in early trade, while the equivalent Italian spread rose to 103 bps from 94 bps, according to Tradeweb data.
The cost of insuring against a default by Greece rose to 675 basis points, from 646.5 bps at the New York close on Monday. Portuguese and Spanish CDS prices were also higher.
The premium investors demand to hold peripheral euro zone government bonds rose on Tuesday and the cost of insuring against defaults was higher as worries remained over a bailout plan for Greece and fears of contagion to other issuers.
The ten-year Portuguese yield spread PT10YT=TWEB widened to 243 basis points from 218 bps in early trade, while the equivalent Italian spread rose to 103 bps from 94 bps, according to Tradeweb data.
The cost of insuring against a default by Greece rose to 675 basis points, from 646.5 bps at the New York close on Monday. Portuguese and Spanish CDS prices were also higher.