Here's an update on the world Credit Default Swap (CDS) market from Bespoke Invest.
Based on the Feb 5 lows, as Bespoke observes, ``Portugal default risk is down the most at 40%, followed by Austria (-38%), and Spain (-32%). Vietnam, Argentina, and Egypt are the only countries that have seen default risk increase.
While most of the CDS have been significantly down from the early February anxiety, they are mostly up compared to the start of 2008 except for Lebanon and Kazakhstan.
Such easing of credit concerns adds to our "sweet spot" scenario.
Based on the Feb 5 lows, as Bespoke observes, ``Portugal default risk is down the most at 40%, followed by Austria (-38%), and Spain (-32%). Vietnam, Argentina, and Egypt are the only countries that have seen default risk increase. 
While most of the CDS have been significantly down from the early February anxiety, they are mostly up compared to the start of 2008 except for Lebanon and Kazakhstan.Such easing of credit concerns adds to our "sweet spot" scenario.
No comments:
Post a Comment