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Borrowing Rates Spike in Egypt

                                                (Image source: Tara Todras-Whitehill for The New York Times)

 

The death toll in Egypt is having a severe impact on the nations ability to borrow.

1. The yield on the 10 year is up 9%, which is equivalent to a rise of 22bpts.

2. Credit default swaps on the country climbed 45bpts.