LONDON, April 30 (Reuters) - Italy’s debt insurance costs rose on Monday, with five-year credit default swaps (CDS) quoted at a one-week high of 89 basis points by data provider IHS Markit.
The country is facing the prospect of fresh elections as the leader of anti-establishment 5-Star Movement called for early elections in June, saying efforts to form a coalition government had failed after inclusive March 4 elections.
Italian bond yields rose five basis points after the news and stocks are down 0.4 percent
Five-year CDS closed Friday at 88 bps.
Reporting by Sujata Rao; editing by Abhinav Ramnarayan