Here are some updated CDS levels in the troubled European countries, Portugal 225 +30, Italy 150 +20, Greece 410 +22, Spain 170 +19, and Ireland 170 +10. The action today in their individual bond markets though are more tame. The sharp CDS moves in contrast are reflective of counterparty participants around the world, whether banks, other financial institutions or investors, scrambling for hedges and protection.

Category: Credit, MacroNotes

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.

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