![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQPBCuUdLKqoX3BSxtW1gygmuZdRPpdq-jHGKY3HV1f_qBZfhDfSweZ-j2iQtcwei2ye7wEG4hVjWKkVCNAEcvI2r18BmY0vrSVdfPNEywkzcTP-zRmUAAMsFj5Jm9FYrFDtF0ERqs_5M/s400/athens-parthenon.jpg)
Dow Jones reported:
The week Lehman fell saw such levels.Greece's five-year sovereign credit default swaps rose to 821 basis points, from 790 basis points, after S&P cut the country's rating to junk status, lowering it by three notches to BB+, according to prices from CMA DataVision.
That means it now costs $821,000 a year to insure $10 million of Greek sovereign debt for five years--the highest ever cost.
Update: EPJ reports they rose to a record high 911.6 basis points, now at 945 bp.