If anyone can offer a truly sensible rationale for the burgeoning market for sovereign CDS can they please let Euromoney know what on earth it is?
CDS have increasingly become a market reference point for gauging the creditworthiness of G10 countries in the past few months. As systemic fears were cleared up by the blanket provision of bank guarantees and injection of public debt so the CDS on those countries with large financial systems have widened.
Thanks for your interest in Euromoney!
To unlock this article:
