In response to the S&P move on the outlook for the sovereign credit rating of the UK, its 5 yr CDS has risen today to 82 bps from 72.5 bps yesterday and is at the highest level since May 6th. For comparison, Italy is at 90 bps up from 84 yesterday, Japan is at 50, unchanged, the US is at 37 bps vs 34, France is at 37 up from 31, and Germany is at 34.5 bps vs 31.

Category: Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “UK CDS”

  1. Cursive says:

    @Douglas Watts and MEH

    If either of you are trolling, I couldn’t help but think of you two when I read this:

    http://jessescrossroadscafe.blogspot.com/

    “New research has found that a whopping 11 million Brits are thinking of taking a job overseas within the next two years – a significant dent in the population – and a fifth of those would choose a new life down under…

    Britain is experiencing the greatest exodus of its own nationals in recent history while immigration is at unprecedented levels, new figures show.”

    No, Doug, it wasn’t a goof.