July 8, 2019 / 7:19 AM / 11 days ago

Turkey credit default swaps jump after cenbank governor dismissed

LONDON, July 8 (Reuters) - The cost of insuring Turkey’s sovereign debt risk jumped on Monday after President Tayyip Erdogan sudden weekend dismissal of the country’s central bank governor.

Turkey’s 5-year credit default swaps (CDS) jumped 6 basis points (bps) from Friday’s close to 383 bp, according to financial data provider IHS Markit.

Reporting by Karin Strohecker, editing by Sujata Rao

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