CDS for Pakistan falls to 71%
KARACHI: According to statistics supplied by a brokerage business, Pakistan’s benchmark five-year CDS fell a staggering 5,224 basis points to 71.64% on November 22. Arif Habib Limited computed these numbers (AHL). Over the course of the weekend, the cost of covering exposure to Pakistan’s five-year sovereign debt increased by 1,224 basis points, reaching its highest-ever […]