The cost of insuring Austrian sovereign debt against default spiked to a six-week high on Thursday while bank shares fell on fears that rising risks from Hungary could hit the country's lenders. Five-year credit default swaps were 23 basis points higher on the day at 234 basis points by 1530 GMT, according to data from Markit, meaning that it costs 234,000 euros to insure 10 million euros of Austrian debt against default over five years. Its sovereign CDS price has risen more than 50 basis points since the start of 2012.
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