Check It Out: Default Odds Have Worsened For Virtually Every Single Country In Europe Today


Photo: Safaroth via Flickr

A quick update on the CDS market…Literally every single country in Europe is worse today than it was yesterday, with Portuguese CDS going above 1000 for the first time ever.

This undermines the rally you’re seeing in equities today, as it suggests that confidence remains on the decline.


5 Year CDS: 69.9

Probability of default: 6.1%

Previous close: 67.9

Source: CMA


5 Year CDS: 167.6

Probability of default : 14.0%

Previous close: 165.8

Source: CMA


5 Year CDS: 51.0

Probability of default: 4.5%

Previous close: 49.5

Source: CMA


5 Year CDS: 39.3

Probability of default: 3.5%

Previous close: 38.8

Source: CMA


5 Year CDS: 88.5

Probability of default: 7.7%

Previous close: 87.0

Source: CMA


5 Year CDS: 44.9

Probability of default: 4.0%

Previous close: 44.6

Source: CMA


5 Year CDS: 2426.9

Probability of default: 84.8%

Previous close: 2367.7

Source: CMA


5 Year CDS: 281.4

Probability of default: 18.4%

Previous close: 277.4

Source: CMA


5 Year CDS: 921.4

Probability of default: 53.2%

Previous close: 888.9

Source: CMA


5 Year CDS: 222.7

Probability of default: 18.4%

Previous close: 220.3

Source: CMA


5 Year CDS: 40.4

Probability of default: 3.5%

Previous close: 40.4%

Source: CMA


5 Year CDS: 1065.3

Probability of default: 58.3%

Previous close: 981

Source: CMA


5 Year CDS: 308.6

Probability of default: 24.2%

Previous close: 303.2

Source: CMA


5 Year CDS: 28.4

Probability of default: 2.5%

Previous close: 29.4

Source: CMA


5 Year CDS: 68.3

Probability of default: 6%

Previous close: 66.8

Source: CMA

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