Greek 5-year cds hits record high of 958 bps

Versus 934 bps in New York on Wednesday. Not good. Risk of Greek sovereign default within 5 years at 56.5% says CMA datavision.

Greek/German 10-year government bond yield spread at 802 bps vs 792 bps at previous day’s settlement.

EUR/USD at session low 1.2284.