Chart of the day: 2012 sovereign risk compression

By Global Macro Monitor

Great data from Bespoke. Looks like Portugal is the odd man out as the only government in which its CDS spreads have widened this year.


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1 Comment

  1. David Lazarus says:

    I still think that there are significant risks of defaults out there. The problem is that it has moved into the shadows. There are still significant debts overhangs in many economies and if there were another crisis then what are tolerable debts could become intolerable causing a cascade of write-offs and losses.