Russia CDS tightens as most of Europe widens

With all the commotion over Europe, one semi-European country absent the spread widening is Russia. According to a Moscow Times report sourced from Bloomberg:

The cost of protecting Russian debt against nonpayment for five years using credit-default swaps fell six basis points to 250 basis points late last week, down from last year’s peak of 338 on Oct. 4, according to data provider CMA.