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Best mortgage deals of the week

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Irish 5-yr CDS nearly double, hit 2-1/2 yr high on Brexit vote

Reuters - UK Focus

LONDON, June 24 (Reuters) - The cost of insuring exposure to Irish government debt nearly doubled on Friday, surging to the highest level in nearly 2-1/2 years after neighbouring Britain voted in favour of leaving the European Union.

Five-year Irish credit default swaps (CDS) jumped by 42 basis points to 108 bpsthe highest since end of January 2014, according to financial data provider Markit (NasdaqGS: MRKT - news) , from the previous day's close of 66 bps. (Reporting by Karin Strohecker, editing by Nigel Stephenson)