LONDON, Feb 15 (Reuters) - The cost of insuring exposure to South African and Turkish debt hovered at near two-year and five-month lows respectively on Wednesday against a backdrop of improving data and stronger investor appetite for emerging market assets.
Data from Markit showed that five-year credit default swaps (CDS) for South Africa
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were trading at 190 basis points (bps), close to the 188 bps level hit on Tuesday which was the lowest since early March 2015.
South African headline inflation slowed to 6.6 percent in January, weaker than forecast.
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Turkish five-year CDS
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narrowed two basis points from Tuesday's close to 234 bps, Markit data showed. On Tuesday they dipped to 233 bps, their lowest since mid-September.
On Wednesday Finance Minister Naci Agbal said Turkish budget spending in January was in line with year-end targets.
(Reporting by Claire Milhench; editing by John Stonestreet) ((claire.milhench@thomsonreuters.com; +44)(0)(207 542 3571; Reuters Messaging: claire.milhench.thomsonreuters.com@reuters.net))
Data from Markit showed that five-year credit default swaps (CDS) for South Africa
South African headline inflation slowed to 6.6 percent in January, weaker than forecast.
Turkish five-year CDS
On Wednesday Finance Minister Naci Agbal said Turkish budget spending in January was in line with year-end targets.
(Reporting by Claire Milhench; editing by John Stonestreet) ((claire.milhench@thomsonreuters.com; +44)(0)(207 542 3571; Reuters Messaging: claire.milhench.thomsonreuters.com@reuters.net))
