For reference here are the G7 closing CDS levels from last night courtesy of Markit.
Sphere: Related Content
Bookmark this post with:
Wednesday, February 25, 2009
Santelli All Over US Annihilation Risk
Anti-bailout Spartacus Rick Santelli reporting something our readers knew on Friday of last week, namely that US CDS has now passed 100 bps. Granted, on Friday the bid was 95, and has since moved wider to past 100, implying the mid is around 105. US CDS has in fact blown out wider than Japan, Germany and France, meaning the market perceives the US sovereign risk as greater than all of these countries.
Sphere: Related Content
Print this post
Sphere: Related Content
Subscribe to:
Post Comments (Atom)
2 comments:
Tyler - This is a fantastic site - I use it often as I work alone and, well, it works well as an idea generator. So, I appreciate it.
I cannot get my small brain around the fact that we are wider than anything... let alone 3. So what proxy do we use for the RFR now?
+1
Post a Comment