Cds on italian and spanish government and corporate bonds

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Reference no: EM132481993

During the European debt crisis in 2012, an article in theWall Street Journalnoted: "The cost of credit default swaps on Italian and Spanish government and corporate debt surged last week." What does an increase in the price of CDS on Italian and Spanish government and corporate bonds indicate about the bonds? What likely happened to the yields on those bond?

Reference no: EM132481993

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