The cost of insuring Bahrain's debt against default rose to a new 18-month high in the five-year credit default swap market on Wednesday, as protests continued in the country.

Demonstrators poured into Bahrain's capital to mourn for a second protestor killed in clashes this week.

Bahrain's five-year credit default swaps rose 16 basis points to 275 bps, according to Markit, hitting their highest since Aug 2009.-Reuters