The Big Picture - Macro Perspective on the Capital Markets, Economy, Technology, and Digital Media

Macro Notes

With sovereign credit risk, particularly Greece, being a main backdrop to= today's $ rally and equity weakness, here is a midday scorecard on sovere= ign 5 yr CDS. Greek CDS is widening out by 32 bps to 268 and is up about= 100 bps in just the past two weeks. Spain is wider by 8 bps to 102 and vs= 87 two weeks ago. Mexico is wider by 11 bps to 146 up from 139 two weeks= ago. US is wider by 4 bps to 39 to the highest since July and up 6 bps ov= er the past two...