Greek 5 yr CDS hits 420, let’s compare

By Peter Boockvar - January 28th, 2010, 2:00PM

To put into perspective the 420 bps level of 5 yr Greece CDS, it is now just 55 bps from debt plagued Dubai and well above the following credits, Bulgaria (255 bps), Croatia (234 bps) Egypt (250 bps), Hungary (243 bps), Kazakhstan (210 bps), Lebanon (247 bps), Romania (250 bps), Russia (192 bps), and Turkey (196 bps). It remains though more than half the level of Venezuela (1038 bps), Argentina (1032 bps) and Ukraine (923 bps). The US trades at 43 bps, UK at 84 bps, Japan at 88 bps, Germany at 35 bps and the other stretched European sovereign credits such as Italy trades at 122 bps, Portugal at 169 bps, Spain at 135 bps and Ireland at 147 bps.

PERMALINK
Category: MacroNotes.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Greek 5 yr CDS hits 420, let’s compare”

anewc2 Says:
January 28th, 2010 at 2:53 pm
the 420 bps level of 5 yr Greece CDS … remains though more than half the level of Venezuela (1038 bps), Argentina (1032 bps) and Ukraine (923 bps)

Less than half.
franklin420d Says:
January 29th, 2010 at 12:07 am
Whoooo hits and 420 so cool
M.G. in Progress Says:
January 29th, 2010 at 4:32 am
Let’s see what happens to the PIGS as normally they do not fly…
http://mgiannini.blogspot.com/2010/01/pigs-do-not-fly-or-chinese-pigs.html