Dubai Five Year CDS Spreads Just Blew Up

According to @CMAVision Dubai’s 5-year CDS spread has widened from 585 bps to a whopping 633 bps!

That’s a 6.3% premium to swap risk!

Investors are obviously getting very, very nervous about all sorts of things.

Get ready for a busy weekend all around the world.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.