Greek CDS's at Crisis Levels

Dow Jones reported:

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.

The week Lehman fell saw such levels.

Update: EPJ reports they rose to a record high 911.6 basis points, now at 945 bp.