LONDON, June 30 (Reuters) - The cost of insuring exposure to Qatari debt rose on Friday to a fresh 16-month high as the diplomatic crisis that has isolated the tiny Gulf state rumbled on.
Qatar five-year credit default swaps (CDS) rose 2 basis points (bps) from Thursday’s close to 123 bps, the highest since February 2016, according to data from HIS Markit.
Saudi Arabia five-year CDS also rose 2 bps to 114 bps, the highest since January.
Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism - a claim Qatar rejects. (Reporting by Claire Milhench, editing by Karin Strohecker)