Bahrain and Egypt Credit Default Swap Spreads Surge

Bahrain's credit default swap (CDS) spread has increased by 23 basis points, reaching 281 basis points, marking the highest level since November 2022. According to Jin10, Egypt's CDS spread also rose by 12 basis points from last Friday's close, now standing at 369 basis points. These movements indicate heightened market concerns over the creditworthiness of both countries.