By: Jamie Coleman
Italian and Spanish credit default swaps (insurance to hedge against a sovereign default) have fallen to their lowest levels since April 3. Italian CDS has fallen 395 bp, Spain to 447. I hesitate to call this risk-on so lets call it lower risk-aversion.
Italian and Spanish credit default swaps (insurance to hedge against a sovereign default) have fallen to their lowest levels since April 3. Italian CDS has fallen 395 bp, Spain to 447. I hesitate to call this risk-on so lets call it lower risk-aversion.
